Post by
Hound2010 on Feb 05, 2021 10:15am
Green
Big step if we can have a further green day
Comment by
Lemoyne on Feb 05, 2021 10:51am
It already has 5 green days in a row. You can count the number of times it happened, since it's listed on the tsx, on one hand, if it ever happened. Short and mid term technicals show it's ready to burst. I'm amazed this isn't already dropping 10% this morning. closing above 75 would be sick.
Comment by
lscfa on Feb 05, 2021 11:01am
I still think this price spike is scumbag investment bankers and the funds they tipped off pushing the price up and shorting the stock so they can cover with shares from a new financing. Probably units at $0.70 coming soon.
Comment by
allibabba on Feb 05, 2021 11:07am
On the US ticker, 70% of the volume over the last 2 days have been short.
Comment by
Lemoyne on Feb 05, 2021 11:24am
They have good reason to with the propsectus filed on feb 2nd. They all expect this to blow either when its announced or because of what iscfa said about offering at lower price. If it drops, at least it will drop from .80 level instead of .65.
Comment by
Olaf123 on Feb 05, 2021 12:55pm
This propsectus means they have a financing backup plan. They might not offer anything. We'll see how their balances sheets unfolds. They will prob use it a little bit and anounce when it happens. Like they did in the past.
Comment by
Righttothetop on Feb 05, 2021 2:28pm
That's most interesting as a point of fact....:) Chances are they will use some as Lemoyne noted LABS will need some soon enough....but it's not all doom and gloom....
Comment by
Righttothetop on Feb 05, 2021 3:29pm
I didn't think the powers that be would let us close green today....unfortunately I proved myself right.... Next week will be interesting......which way will she go.......