RE:The Nuvei Bleeding ContinuesThe blood is in the street on this one and the downside risk is low at this point. Need more to step up and decide that the fundamentals of this company have been skewed by media and comments on the financials have been misinterpreted.
It would be nice to have a comment by Ryan Reynolds about his taking a further postion in this company. The price would jump and the short sellers would begin to cover.
It makes me sick that the predatory short sellers can place large sell orders to take the price down with out repercussion or prosecution.
This company grew at 68% top line transaction volume and to grow at 68% again would be hugh. The company will gro at 20% likely which is still a substantial growth rate.
Something has to give. Can't go down forever bounce coming.
There should be a cooling off period for securities that provide earnings likley to shut the security off from trading and each 10% decline would trigger the cease trading so that it can';t be run down all at once.
At a min this stock should be trading $30.00 cdn currently. Has earnings and dividend which is much more than I can say about other fintech that have been operating as a public company for similar number of years.
GLTA (except shorters)