Post by
JacobsenPGM on Jul 28, 2020 11:38am
Arbitrage opportunity
The nice thing about trading these micro cap stocks, is that when an arbitratge opportunity appears, there is a window of opportunity to get in before the market catches up.
This kind of thing only happens once in a while. It is a fact that SHL owns 8.1 million shares of CNC. (Check their website for the PR). CNC is currently at about $3 a share so those 8.1 million shares are worth $24.3 million. SHL's market cap is under 14 million right now. The market has started to catch on, but we have more room to go. I don't think it's unreasonable to expect SHL to get to a market cap of over $20 million by end of day
Comment by
Futuristical on Jul 28, 2020 11:51am
Technicals appear good. An uptrend appears to be forming based on Elliot Wave Theory which should provide a great Swing trade opportunity. And given the fundamentals(and potential fundamentals) a good Position trade opportunity for longs to aquire the always sought "10 bagger" could well be shaping. GLTA