OTCPK:EUCTF - Post by User
Comment by
Ringerton Sep 28, 2016 3:34pm
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Post# 25287359
RE:A lot of green on this chart
RE:A lot of green on this chartA company with continuous insider buying but on a downward slope, nope don't know any. I do know a few that have shown actual progress in the past 2 years though.
The insider buying is at this point actually a negative sign. It tells us investors that this company isn't going to show any NR's any time soon that'll make the SP rise. The pure fact that EUO itself is constantly trying to put a floor under the stock through NCIB buying says it all. They wouldn't try to keep the SP up to level if they were expecting a SP rise any time soon, so the only way for this stock right now, logically, is downward.