RE:RE:RE:RE:RE:RE:RE:Is this a pump and dump?Truth, if I understand your question corectly, you're asking if the current price is sustainable, especially after seeing it drop from $22 to $12. I will give you the benefit of the doubt and say you are looking for a better entry point, which there is nothing wrong with. I tried that with Shopify, and never ended up in the stock, so that's point #1, so I learned from that, which is why i'm even posting this. Acuity is another self-serve disruptive technology in a high growth industry, so the example fits quite nicely. Once a stock gains as much exposure as Acuity has, it will never become the bargain it once was. Most tech stocks are never a bargain, so the fact that Acuity has existed for 10 years and traded on the TSXV vs. doing an IPO in the last 6 months, makes a big difference. I bet AT would IPO now well above where we are sitting today, which is why Nasdaq will be big, but such is the history of the company, and why AT traded where it did previously.
WIth all the exposure AT now has, demand for the stock outweighs supply, and Acuity has a low share float and high insider ownership. They are #1 on the OTC for a reason, so they are very ready for the Nasdaq and all the pent up demand, which I believe we will see in February given what we know so far. That bounce from $12 was very strong, and at that time, the 200 DMA was around $10, so it bounced well before then. It has formed higher lows since then, and hit another all-time high recently, so all signs the demand is very strong. Once the Nasdaq news is out, we will blow past the all-time high, and once again be in blue sky territory. At this stage, strong retail longs know this, institutions know this, so volume has languished because only weak hands are selling. AT has a lot more institutional coverage now, more activity across every message board, and is still trading at a discount to all of its peers. So do I think we re-visit $5-6 which I think was your original hope? Not a chance. I highly doubt we'll see $12 again. I think $15-17 is a major bargain on any further market weakness, but with Nasdaq coming at any moment, anything at these levels is a great entry point. Good luck to you, and GLTA.