I don't agree
If Anthony Hayes is as smart as his reasons for getting this job in the first place, he had to of planned cash needs long ago for a long drawn out court process
There's no way he thought any of this was going to be easy, quick, and their defendants not pulling out every trick in the book to stall and lengthen the process, especially after how and what Google did.
if he didn't expect and plan for this, he'll have a hard time finding another job after a failure of SPEX.
I would expect a bounce of some extent off the approaching 20 DMA or around there, and the MACD before it completely crosses thru
I think longer term it will go down thru it, but we'll see what develops news wise too
A favorable ruling....... a binary type event...... I believe will rocket this
The gamble now is that there's more upside to a favorable ruling, than there is downside to an unfavorable ruling
And from what I have come to believe, you can put any stock on a 20, 50, and 200 DMA chart, and still see technicals apply for the most part, barring special events, which will stand out
The reason I think this applies is that regardless of the stock share price level, Manipulators use this to know the best time to manipulate a stock
I believe this is usually to the downside
I think that's exactly what we're seeing here this last week and a half, and is text book
But I did think it was strange that the MACD and RSI were leaning up while the short term DMA looked like it had to force it down
But I think that set up a more favorable scenario for the Manipulators to break it through a prior bottom that had been in place for a while
Now we'll see if the can keep it down. Regardless, since likely no good news for a while, I think they will make it go revisit .65 again now
I think it was a danger sign that the MACD and RSI were leaning up, but the share price was below a meaningful short term DMA
This was a perfect situation to manipulate to new lows
I think that's someone trying to create "the appearance" of something
Was set up by moves previously
Or is trying to set up something forward
Until any key events, yes, I think technicals can rule this, and Shorts can use this to manipulate and try to create more frustration
The technical trend is down and it is continuing
I agree with Rodde basically, that without any good news, it has to go find a new low
I called this a couple days ago that the ~20 DMA was going to force this down, because there was nothing to take it above it, and it did.
So why not Anthony????.... Maybe you can tell us that since u don't have the confidence to invest in your own work?
Maybe he doesn't feel he's paid well enough for his role?
Patience...it may not make you anything, but it won't lose you either
Pretty sure if you want to buy it, u will have access to it closer to the 20 or 50 day here soon.
I think this will be working its way back to 3 to 4 soon, if not lower
I would imagine all the whining for this the last 3+ years has been very similar to what we've been hearing from many here for SPEX who wanted the quick hit like this one. For the last 3+ years, all its done is gone down!
This was pure luck to be in this one, just like SPEX will be if something good happens, and most stocks
20 Day turning up
MACD and RSI leaning up
Yes, ultimately more binary event based but I wonder why this is not drifting lower rather than holding and maybe creeping up a little
Maybe a floor established for now by the bottom value of their patents or acquisition interest, although I don't think they have interest in selling.
Also, the Manipulators executed and exited a bunch of frustrated active traders this last report
Well one thing you need for sure is a better English dictionary!
Use the internet since you have access to it
Sure he would
Made a ton of money
By it back for much less in part by the cash you got from going public
Kaiser is all out now, so he has "flip"jack'd to the other side
He wants it to tank
Can you imagine the frustration if this thing went off for some reason
Tanking will make the decision feel much better