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Epicore Bionetworks Inc. V.EBN

"Epicore Bionetworks Inc develops, manufactures and markets biotechnology products based on natural microbes and enzymes for the aquaculture, agriculture and municipal industries."


TSXV:EBN - Post by User

Post by ChaseYourDreamon Jul 04, 2016 11:13am
149 Views
Post# 25019608

Epicore offers LT value and potential for ST gains

Epicore offers LT value and potential for ST gains
EBN has been sleepy since it spiked in value on the Q3 FS. Trading volumes remain light, but a regular tug of war over SP continues. In the absence of active sellers, bidders low-ball bidders offer too little, and now and then someone is foolish enough to oblige them.

The premarket bid-ask at 9:00 today was matched at .56, but actually traded at .61 at the open...

An hour later, a significant buy-in from RBC has spiked the SP up to .69... just shy the 3-Jun HI of .71.

I am the only poster here, so why talk to myself? Well anyone else interested in EBN checking my posting history will be impressed. And I have sold my last shares for liquidity--not because I don't like the company, but because I am confident I will be able to buy back in as low as .55-.60 right through the summer. So I don't benefit by calling this a BUY or HOLD depending on your intentions. Target the reasonable low, and sooner or later EBN will offer it... hold if you are a value investor, or set an ask near the recent high, and sooner or later and sooner or later RBC or another higher-volume value investor will buy your shares yielding you a 10-20% gain.

I am not a professional. Do your own DD. Just describing what I have done to yield a net 80% gain since Christmas.

Note: This does NOT work if you sell into the next dip, which can be sharp as we saw in Q2. You have to know the value, and do as I did... buy more!

Have a good one.

Here is the trading record spiking the SP today:
0.69 2,000 TSXV 10:33:55 002 085
0.68 1,000 TSXV 10:33:55 002 007
0.68 500 TSXV 10:33:55 002 007
0.68 1,500 TSXV 10:33:55 002 007
0.66 500 TSXV 10:33:55 002 002
0.65 500 TSXV 10:33:55 002 028

Odds are it will drop again to .65-.61, but trading is so light you can't say when that will happen.
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