If you look at the 5-day chart for PTK. I see a repeated tendency for an early rise in share price immediately after opening, followed by a fall, often substantial. This is followed by more buying. It was not repeated on Black Monday when if fell persitently until the final hours of trading. This type of scenario is ideal for shorting because share behaviour is relatively predictable but it is also heavily dependent on substantial numbers buying.
Making a short term profit on the upward trend of a share is a frustrating experience for me and, clearly, others, particularly for long holders who have long suffered in the barren days of 2011 -2013.
However, I remind all, we are in this for the money, nothing less, nothing more. You may have a strong affiliation to the company which has a smart technology but you do not buy the shares unless your intention is to be rewarded financially. Some of us keep our shares and may add occasionally, some will buy low and sell high to targets and make money and will study behaviour patterns, some press the wrong button and don't make money. It takes all types; volatility is the result.
The hope must be for a more orderly rise in share price which will thwart short terming and lead to improved SP rises. The real hope is that there seems, at times, a large number of buyers who persist. There is no sign of insider selling and news is expected to be good. There are for sure buyers out there and the number of shares traded is very much higher of late.
Eventually a well marketed and potent technology will end all of this. What will seriously count is the assured knowledge of a saleable product, partnerships and revenue. When that is forthcoming, and yesterday's Copetti broadcast reinforces this is likely towards the end of this year. Then, volatility will reduce and the share price will rise substantially. I cannot see any evidence of negativity but I watch for it. Habe Fides.
David