RE:Think bigger picture, keep macros in mind this week
bumping this one up too - excellent advice Midtown!
MidtownGuy wrote: No need to panic on down trends this week, as it has nothing to do with PYR or market confidence in PYR.
The markets are down across the board, as the pandemic and election uncertainty continues. Though traditionally markets are up the week prior to elections, this is a different kind of year altogether.
Also, it's a big earnings period especially for US companies, and early results were disappointing.
All these macros are combining to lower stocks across the board; it's not a PYR problem.
After the election on Tuesday there should be a lot less volatility, and perhaps even prior if a stimulus deal is reached in the US.
For PYR, finance is slated to close this Friday, then we'll see a notice of final TSX uplisting approval within a few days of that. With uplisting immediately thereafter.
A new life begins on the TSX in less than two weeks, maybe even one week.