Pyrogenesis Canada Inc T.PYR

Too little, too late to start buying back shares

[electriqueman]

PYR could have bought back shares at more strategic times to support the chart.

 

PYR could have bought when the SP was on support or when it was about to cross resistance.  The chart speaks and you have to listen to it.

 

PYR should have bought on March 25, 2021 and especially on April 1, 2021 to confirm an exit from a bearish corridor.  If PYR had done that then we wouldn't be here complaining about the SP falling like a rock.

 

Look what happens when we cross a major support like at 7.71 on April 12, 2021. It falls!  But now we're probably going down to $5.68.  This is the extension of the bearish corridor support.  If we take a 3 month chart and connect the closing price of February 11, 2021 ($8.63) and March 3, 2021 ($8.73) then that brings us to a POSSIBILITY of $5.68.  

 

But nothing prevents PYR from going down to another $4.24 support from January 20, 2021.

 

If no major news comes out then PYR can go all the way down there!

 

[Berzy]

What are you f'ing talking about? Companies don't do what they do to support the share price.....they do it because they think the company is undervalued and that is where their capital is best spent at present. The share price does not matter to the daily operations of the company, unless they are looking to raise funds which PYR is not. And by purchasing these shares now, PYR is saying

[electriqueman]

My point is: 1-Even though PYR says he doesn't need cash right now, that is absolutely false.  PYR just bought new buildings and has to pay to build new facilities to produce AM powder for future contracts. In addition, PYR's payroll is increasing with the researchers that PYR has just hired and for the sellers (and their travels) that PYR will have to support soon before getting

[LastZaz]

You seem to be arguing two different things at once here. 1) If they bought back shares earlier - you realize they'd have used more cash right? Yet there you are arguing they do need cash. So which do you want? I'd prefer they bought back when the prices are actually low, or after a sell-off.... not close to all time highs... 2) No company makes decisions regarding its shares or its

[electriqueman]

If PYR had bought for example 50,000 shares on April 5, 2021 to support the closing price at the top of $8.82 and more, PYR would not have needed to buy more shares afterwards because PYR would have fallen back into the bullish corridor. It would have cost 50,000 X $8.82 = $441000 on April 5th whereas now it's been 3 days since PYR bought 88342 shares at $7.21 so 3X($8,342 X $7.21)= $1.8M

[dougkimbrough]

As I have seen the saying "eat some chips" on this board a lot, I suggest you eat some electriqman and let our chart run wild like teslas one day! Who predicted teslas chart? No one I ever looked at predicted it but low and behold it's sky high no thanks to technical BS!

[PyroGenMagnate]

Money see, monkey do? I doubt it.  One and done.  PyroGenesis Canada Inc. > RE:RE:RE:RE:RE:Winners of the bashers / pumpers New Post « Older Post View Thread Newer Post » View All Posts  8 +  Favorites

[electriqueman]

so...keep your head in the ground, and everything will be fine.  LOL Loser's Strategy   Have a nice evening

[windywolf]

Dont sell into this. Buy into this.