Post by
tobinator01 on Oct 31, 2022 5:19pm
News Check
I looked at two other Colombia operators Soma Gold and Parex Resources stocks. Neither had a late day sell off. So my conclusion is there isn't a Colombia specific negative event that caused the sell off out there (so far). A search for other news out there came up empty.
The stock was only off $0.03 to $3.07 for most of the day, outperforming the HUI. Then off $0.10 3.00 at 3:54 PM. The big dump of shares occured in the final six minutes of the day. The ARIS A series warrants finished up 5%.
We could have witnessed margin call selling that triggered stops and created the avalanche.
I emailed Aris and suggested they put out a press release before people get spooked for no reason. Afterall, it is Halloween.
Comment by
kkkrrr on Oct 31, 2022 9:31pm
its a they typical rebalancing on Okt 31 ...
Comment by
Pete1986 on Nov 01, 2022 7:09am
Yep, looks like. But still strange that they did the rebalancing just a couple of minutes before the close. Why not during the entire day? Nevertheless, the sector is deeply depressed, I haven't seen that for decades. Its always better if everybody is negative than positive. I will buy some share at the opening, hope to get them at 2.85 CAD.
Comment by
Pete1986 on Nov 01, 2022 9:37am
Damn, what a scam yesterday. Didn't get any at 2.86. Stupid market yesterday and I did not take advantage. Sh....
Comment by
satuple on Nov 01, 2022 12:48pm
Just place an order for a ridiculously low bid and this (and many others) stock will find your portfolio, guaranteed....