OTCPK:CNZCF - Post by User
Comment by
HobbyDigger2on Feb 18, 2017 7:09pm
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Post# 25866255
RE:CNG, worth much less than 9 cents
RE:CNG, worth much less than 9 cents
@Infirstmoney, 10years trading TSX venture told me not to trust any of these pennystocks. You r right suggesting a sell off the new shares. So what to do ? Follow the big ones. Do it like they do. But on the other hand no one knows about the short time SP. Time enaugh to prepare new deals or LOI until end of march. so I wouldn t be surprised about a shooting news afterwards.
Just speaking about the possible movements of CNZ R/S at a 5$ SP afterwards going down the theoretical difference of 20% of the asset. I dont know how the stock may react next weeks.
Mostly i ve seen a downtrend before any R/S took place. Time will tell.
Thanks to fundamental good forum here.
HD