RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:got out today I fully understand that Macro and Manitok are two fully different companies, except their total marketcap and the fact that they both perform within the energy sector. My comparison however was pure their technical picture.
I don't have the intention to go completely off topic here, but Manitok an exploration company ? Do you understand the game you are playing ? Manitok went down due to a few continuing bad news issues, like the flow through financing, disappointing well results, CCO leaving the company, and uncertainty about their acquisition of Entice. As a result the stock went down almost 50%, while news factors have improved ever since. The consensus is a profit of $0.35 a share, therefore a nice value pick, currently on sale with improving sentiment and ditto technicals. And that was what we were arguing about.
But lets go on topic again. My guess will be net results for the fourth quarter of $0.28, say $1.20 for the full year. These numbers will be announced beginning of March. This means that we will stay in this neutral bias for six more weeks, correct ?