What do you mean its just a preliminary financial report filing for the 2nd quarter of 2017 meaning they are setting expectations on the report for its 2nd quarter financial report and there are forward looking statements bye high up officials of the company

Thanks Scott - I have 0 experience of reading SEC filings so its just words to me. Thanks for the info

@Ryan_of_Arabia ok :)

Second, you're using free data from the BATS exchange. Get a real broker platform for your charts instead. IB: https://gyazo.com/e1bfbd121c7831338da13a251e0820c7 ToS: https://gyazo.com/ae73c0495cc9d1a7a7cd862ae80b15e5 As you can see, that is nothing like what you're showing, and there's no way you even consider a trade on this downtrend anytime soon. The move was made, this stock might fade back to oblivion again. This changes the dynamics of the trade you want to exchange in a big way.

Third, understand there's always opportunites to make money in the stock market, but you're not going anywhere anytime soon if you don't develop/learn a strategy that leads you to consistent results. You don't want to rely on 'luck' to make money, as you're literally just gambling then. Yes, you could possibly make money on the play you described, but if you study Tim's material, you'll quickly understand why you're just wasting your time if that is what you pursue. Anyways, take with a grain of

* salt, and best of luck!

thank you for the feedback and interaction - i definitely plan to learn the srategies and this is just me dipping my toe in the water with hypothetical trades. I dont have a brokerage account as yet and just using trading view for charts. I will continue with the research and posting on here and look for the feedback and advice from you guys. Thanks again

I was looking at this one this morning also. I thought the same as you, but i'm very new and am not sure of anything lol

The math of the offering is a bit scary. Worse case new float of ~56.6M shares. That's an 2.44x float increase. Current market cap is around 40.91M according to finviz. With the new float, to maintain that market cap, the new share price = $0.71. If share price would be to hold at $1 after offering, market cap = float = 56.6M market cap. As share price goes up, higher market cap, but you'd need some fundamentals or higher expectations to maintain it.

That's not to say there won't be trading action up to that point, but you're looking at some major dilution on the horizon, so you know the downside risks when coming up with a plan.

thank you - the details that stuck out to me was that it was such a clean chart, since the beginning of may only a handful of red days. Clear upward trend

That's right, but the 1y and 3y charts are already much more choppy. I would say keep an eye for it and learn from it

It was the YTD daily i was checking - thank you so much for the interaction. Appreciate the advice.

you're welcome, but remember don't rely on someone elses opinion. think for your own and do the research, that's how succes will come with this business. Goodluck!