Post by
tobinator01 on Dec 01, 2022 2:27pm
Sell side exhaustion?
It's really weird that when SBMI was in the 17 cents area, people wanted to attack the bid with big blocks of shares. Even after two doses of high grade assay news, investors wanted to continue to crash the bid and sell out.
In the US, SBMCF is trading about triple the Canadian volume at US$0.1738 (23.3 cents Canadian). The venture exchange bid is 23 and the ask is 27. No one is attacking the bid with shares to sell. I guess the nervous nellies are out of the stock and those of us wanting to see how the story unfolds are holding.
I would not even bring this up last week, but some good confirming assays and diabase results could result in the stock being traded in the 30+ cents range. Now wouldn't that be a big change from just a month ago?
Stay tuned....
Comment by
yureja85 on Dec 02, 2022 2:13am
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