That was 3 weeks ago we you bought up fib retracements moosie
Is today the 68% retracement?
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There looks to be decent support, but like any stock that doesn't have much exciting news being announced or generally high expectations on big deals being announce the price will flake and given large offloads too, we can see where the trend leads until the next good news internal/external whatever it will be. The numbers certainly hold up for the business, but thats all we have and well it makes sense that on no value increasing news we will likely see a decline. Given whats been said, the only known date we can expect news is sometime in March. If we have to wait till March then gosh fellow shareholders, brace yourself for the Snakk Roller-coaster! (No Snacks allowed)
Recently I had occasion to check on the status of my SNK shareholding. Much to my amazement a green arrow made a brief cameo appearance alongside but was shortly replaced with the customary red. Encouraged by this I have decided to retain all 300 shares to await further developments.
:)
Oh I forgot - positive news are always followed by a feeding of the ducks, after all the excited ducks have lined up.
I wonder why that is?
If Snakk's directors, management and insiders are so exuberant and positive about the company's prospects, they should be buying?
Reading all the posts on SNK I just don't know whether to laugh or cry. It seems there are two schools of thought. One says that its all a scam (in the same vein as Plus SMS, ALQ, CER etc) to benefit the founders/insiders, another is that SNK is the next leading tech company with growing revenues that will finally lead to huge profits. I know which story I would rather believe.
Reading all the posts on SNK I just don't know whether to laugh or cry. It seems there are two schools of thought. One says that its all a scam (in the same vein as Plus SMS, ALQ, CER etc) to benefit the founders/insiders, another is that SNK is the next leading tech company with growing revenues that will finally lead to huge profits. I know which story I would rather believe.