OTCPK:EUCTF - Post by User
Comment by
newdaydawningon Nov 07, 2015 8:30pm
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Post# 24270543
RE:RE:RE:RE:How long is long term ?
RE:RE:RE:RE:How long is long term ?thanks metals_boom for the contrarian view. frankly, you're analysis is flawed IMO.
metals_boom wrote: the way the small caps have been trading in Canada the last few months, I wouldn't be surprised if we actually close flat or even marginally lower on Monday. I do expect there to be good Bids in pre-market and we will open higher but if I was to make a guess at how the session will go, I'd say we open at 0.175, go up to 0.185 or 0.19 and then slowly drift lower through the remainder of the session and close somewhere around unchanged level. Investors in this current market climate are unbelievably skittish and gun-shy and will see this news as the equivalent that the company is selling 50% of itself and getting $16 million in exchange. The thinking then will go something like...investors don't trust that Mgmt wont just squander that money in due course and that what you've effectively just done is give away half your company and half your future prospects. I'm not saying for one moment that I agree with that assumption but its what many people think of as their first reaction nowadays. I agree with another poster that if this was in the US on the Nasdaq for example, the stock would probably move up exponentially on this news and never look back. Sadly Canada is a very different market and full of daytraders and investors who will sell on any news nowadays, good or bad.