Just looking at the chart for the past 3+ months....
posted on
Sep 07, 2018 10:35PM
We've moved up huge in such a short time...after years of struggling to even maintain a share price over $2, here we are in Sept of 2018 having just watched a trading day where the PPS spent a good chunk of the day trading over $4....
I think the past can serve as an indication about what's coming....not in a linear or exact way, but I do think clues can be discerned.
Getting over $2
After trading below $2 for so long we finally broke above that price point on June 18th just passed. And while the PPS didn't drop back below the $2 mark afterwards it did come close on the days that immediately followed. By the time June ended the PPS was $2.46
Getting over $3
The PPS stayed in the $2s until Aug 2nd, so it took about a month and a half to add that dollar from $2 to $3. But unlike the $2 price point support at $3 didn't hold and as late as Aug 31st there was still trading happening for less than $3
Getting over $4
We're not there yet, but we did spend a good part of Friday well above, going as high as $4.35...So after 1st breaking above 3 on Aug 2nd it was only a little over a month later that we saw $4.
I'm going over the trading and the prices as I'm writing this...kind of my way of working through my thoughts. And what I'm thinking is this:
It took a month and a half to to get from the most recent break above $2 to the first break above $3. And its only taken about a month for us to go from that break above $3 to our first cracking of the $4 barrier...even if it didn't hold.
Assuming we get back above $4, and that is an assumption I am making at this point, I am wondering how long until we break $5? That's another assumption I'm making, that the PPS will break $5 and that its just a question of how long.
Based on what I'm seeing I don't think we'll have to wait until October...I think we'll see it this month.
I guess I'm being Nostradamus here so I'll chuck this on the Off Topic board.