In regard to any retrace, here's my bit in response from the day...

In regard to any retrace, here's my bit in response from the day thread. Saves re-writing it.

I don't think the pullback will occur until proper value is reached, and this is certainly not at 10c. What proper value is at this early stage would require some complex FA with all the data, which is not available to us. But we can safely say it is not a MC of 20M.

My guestimate would be between 30 and 50 M prior to farm-in, which equates to .015 and .025 respectively. Good chance that it'll reach somewhere in there today.

Most favourably is the very low SOI with only 200M and a fair wack held by the bosses. This of course has assisted in its quick rise to fairer value, but it will also assist in holding the value as there will be far fewer available shares for trading as the rise continues. It will pay to have stickier hands with this one as I learnt yesterday with my trading parcel that I paid more for on the second trade of the day.

This is not to say that there wont be any pullback. But I bet it won't close the gaps at .072 and .054 because there won't be the available shares to do it, as well as the gaps being clearly breakaways as part of the proper revaluing of the stock. At the very most, it could back test 10c, IMO.

Careful day trading it, but I'm happy for you to try as I'll be waiting below.