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Teal Valley T.TV


Primary Symbol: P.TEAL

Teal is a Canadian, pharmaceutical & NHP manufacturer selling to Canada’s national, chain drug stores, presently expanding its portfolio to include cannabinoid-based products utilizing proprietary formulations & extractions for both the global Rx & recreational markets.


P.TEAL - Post by User

Comment by kramaswamyon Aug 10, 2020 6:22pm
188 Views
Post# 31389947

RE:RE:RE:RE:RE:RE:Why TV still SP legging?

RE:RE:RE:RE:RE:RE:Why TV still SP legging? I would actually expect that you're underestimating it. If spot prices were to go up twenty cents from right now (IE roughly $1.28), I would expect Trevali shares to very quickly rise back up above a dollar.

Remember that the stock market is forward-looking. If there's belief that spot prices are on their way back up, and that they'll stay up, people will start buying very quickly to avoid missing the train.

What's holding share prices down right now is two things. First, spot prices aren't quite high enough for Trevali to be comfortable. They almost are, but not quite.

Second, though, is simply just time. If share prices rise to $1.3, that concern will disappear. But if they just slowly creep up to $1.15, they'll need to stay there for quite a while before people put aside the spectre of prices dropping back down.

My guess? A full quarter of spot prices averaging $1.15 is what it will take for share prices to really start moving up.
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