Institutional pressure and a big week coming Folks,
The bleed in share price this week has been annoying but nothing more. I am not normally one for conspiracy theories but this feels like it is being held down while people load up and without a blow the doors off catalyst to catch them out it will continue. That small asks keep popping up below the share price just as momentum starts to build strikes me as highly suspect.
I've been buying up a ton this past week (even above where we are now) and have averaged up considerably in the process. I see this as the year of Loop and massive things are coming. I'm fine with a little burn now for the payday down the road.
I do see next week as a big week for Loop in general. The message from Rob pre vacation was a steady diet of meaningful news and, with the greatest respect to the Sales Director they hired and the ad campaign with Telus, I think we all expected a bit more. I saw the Mountain West Bubble as a done deal anyway when it was announced.
No one should panic. All good things and a strong week of building a great company to start the year. Hopeful for some more fireworks next week.
Good weekends to all and stay safe,
GLTA
HT