Pyrogenesis Canada Inc T.PYR

Some drift, nothing crazy, seems to be holding well

[MidtownGuy]

The fair price was $4-$5, the jump to $6+ was hype and fomo. The holding/accumulating range since Sept (while being manipulated) is $3.50 - $4.00, with some periodic rises & dips of up to 0.23 each way. Here's the daily chart since mid Sept to today:

https://cdn-ceo-ca.s3.amazonaws.com/1ftfo23-PYR-Dec14.jpg

December on average is a solid (and heavy) trading month  -- since 1950 the S&P 500 in Dec. has risen 3/4 of the time, more often than any other month -- with normal down deviations related to tax-loss selling. This year, with large unemployment and economic uncertainty, it's to be expected that deviations from the range will be larger in holding-pattern stocks.

Stocks pick up later in the month on average in prep for the January effect, when investors return to the market post-selloff and post-Christmas gift buying, and new investors enter. And traditionally, small caps like PYR outperform the market during this phase, especially those with lower liquidity (Peter's 50% holding, plus insiders holdings, plus strong-handed longs likely = at least 70% of the total shares outstanding, leaving only 40mm-50mm or less shares tradeable day to day).

In other words, I'm not sweating it. The big news -- and big money -- has yet to arrive, it's a more volatile December than usual, there's many catalysts on the horizon, and the daily float is tight. Things are holding pretty well under the circumstances.

[Edgetown1invest]

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[canyousayiii]

I would respectfully disagree with the assessment of a "fair price" given so many moving parts. But I do agree with the message that those sweating over these movements are not here for the big picture and best move on for their mental health wellbeing.

[gojotv!]

I disagree. I always felt that the fair price was between $1.80-$2.80. After all, this stock was selling in the $0.30 range early this year. But hey, potayto, potahto, as long as the longs are making money and the shorts are losing their shorts, all is well with the world... GLTA!