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Bullboard - Stock Discussion Forum Sona Nanotech Inc C.SONA

Alternate Symbol(s):  SNANF

Sona Nanotech Inc. is a nanotechnology life sciences company that has developed multiple methods for the manufacturing of various types of gold nanoparticles. The Company is engaged in the research and development of its technology for use in multiplex diagnostic testing platforms and biomedical applications. Its gold nanotechnologies are adapted for use in applications, as a safe and delivery... see more

CSE:SONA - Post Discussion

Sona Nanotech Inc > The Reality of Today
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Post by Kusanation on Nov 09, 2020 5:04pm

The Reality of Today

So as we all know, today was crazy. The reality is, this EASILY could have been someone shaking the tree and scaring people into selling knowing that a change in status/progress was coming. The fact that this dropped for no reason (I'm sorry but the Pfizer news is not enough to drop this 30% considering it's so preliminary and nothing we haven't heard before) so fast, so quick and was followed up with some positive progress (the change in HC status to "under review") is a clear indication that it was a tactic to shake weak hands and take shares for cheap. If you don't believe that this happens, check the track record of TRVN. It was halted and dropped to 0.55 cents to only recover and a few days later get FDA approval. 

My point is this. There was no reason for the massive drop today, the fact that good news came right after is an indication that someone wanted a piece of this at a cheap price. For those that sold, that's a tough one to swallow. For those that bought, congrats you made out like a golden fox. For those like me who held the line, on we go. My share price is $6.91 so I hope to break even or make 30-40%. 

Again, folks this is a good sign today as weird as it sounds, it is!

Comment by Moemoney42 on Nov 09, 2020 10:14pm
Seems you weren't paying attention too close to today's trading... many, if not all test companies dropped like a rock this AM when news of Pfizer was hitting the headlines.. so no, its not like you say "no reason for the drop" but a washout for all covid testing companies...that was the "reason for the drop"... nice try though.,!
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