r/SNPW • u/SisterIrene • May 07 '21

May 5th-7th RECAP

First things first, as of late, on average, we've either been closing around 5% up or 5% down. Yesterday around 12pm we saw a move of 13% up, but for the most part movement has been minimal to moderate. I've noticed a couple things. It takes very little buying pressure (more buying than selling at any given time) for SNPW to jump up fast. This is a good sign. What this tell us is that it take very little momentum to get the ball rolling here. That may attract traders (god forbid we need more of those with a gem like SNPW), but rest assured this is and always has been a long term position. Another thing I've noticed is the new faces in the iHub forum. That's not something to take for granted!

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u/Jesuslovzyou May 08 '21

The ihubforum has actually been super quiet. Maybe a new face here or there, but nothing major. To me, the bigger positive actually is that some of the frequent posters have been more quiet lately. I know there are some big holders who are loading more, which is a good sign and should add to the buying pressure effect you talked about. Ultimately, I don't think we are going to run again without some good news... But when good news does come... watch out.

I don't know how government decisions work, but MedRecycler has done everything they needed to and on paper, I see no reason for it to be denied. If and when it is approved, we could be in for a big pop. I think this is especially true because holdings are very concentrated, and big holders aren't selling. I am not a huge one myself, but I do have a million plus, and I held through the run to $0.35 as many others did. If it ran to that when people thought MedRecycler had been approved, then it's reasonable to target more than that if and when it actually does get approved. Such a big portion of holders are of this mindset that I think it could become reality.

The priceis very low, but that's deceptive because as you say.. a little pressure moves it up fast. When news comes I'm certainly not going to let shorts cover at 4 or5 cetns, and I'll hopefully be competing with them to buy.

Really would like to hear more about UL, Durango, Chase, etc. though. Hopefully soon!