TSXV:HRE.H - Post by User
Comment by
pizzapanson Aug 04, 2012 2:36pm
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Post# 20184891
RE: BK update on STANS
RE: BK update on STANS I agree with you. The SP right now doesn't reflect the value of Stans. I'm guessing $2 by early 2013 is quite realistic. There is a major support line at $.52 and a major resistance line at $1. I can upload a chart once I figure out how. This crisis has taken the price below support which is likely what spooked some investors that only check the charts and don't look any further into the companies that they invest in. Those are only short term investors anyhow just trying to make a quick buck on the bounces. I've made those plays myself but with Stans I'm a big believer that they have something worth holding onto long term. I'm holding too but I'm not adding just yet. The general market conditions are stable in Canada and the US but there still seems to be a lack of upward momentum. When that upward momentum starts I think you'll see the SP break the resistance line and start climbing fast. I wouldn't be at all surprised to see $4 by this time next year....just my take on things. If this helps, I get my charts on stockcharts.com