$1.05 - L2 anyoneWhat's the cheapest TSX-Venture LII? I seem to find they are all at about 30$ per month - not going there myself.
Anyway, for a little personal story and not much info, I thought I better dig up some more cash and grab a little more of the stock now. I put a small chuck of change together, even found a US quarter in my old pair of jeans!
The bid/ask was .94/.95 so I thought I'd bid on the low side and wait out the day. I logged out to get back to my regularly-scheduled program. I log in just now and not only did I get the fill but the price is about 10% higher. Too funny.
Now sure how many of you were around in the Nortel run from .85 - sub $12.00 but I rode that up, selling and buying all the way. This stock looks like it could be one of those. The first leg of the Nortel run was .85 - 4$. Then it dipped back about 75 cents. Then it ran up and dropped back again about 75 cents. This pattern repeated. So in picking the high price using MACD and a couple other indicators (with Nortel it was always the market that influenced it - or so it seemed) it became easy to find the high point. The 75 cent dip was an amazing thing. If you can get the SPs for that period, the evidence is there. My thought here is, the stock, because of the number of OS shares and momentum, will drop back a consistent amount. It may be 40 cents or 50 or 30 but there should be a consistent dip. Not enough history now to know.
Anyway, I blubbered on enough. If we think there's a lull, then taking some off may put some more money in our pockets, right? Good luck to all and be careful for the announcements from ATAC.
(Usual disclaimer; I'm not advocating anyone do this, I'm only saying it may be possible. Also, all comments here are my own opinions.)
teg