RE:11% gain today was significantMegabear. You have to pick a lane on this based on your own DD. If you are new to this company, you have missed a lot. First, as usual, there is no earnings date set yet. Classic for a management that has no clue. One write down of assets is mostly always followed by another. Earnings will not pan out. They cannot but guide lower again given the risk in the UK (legislation et al). I particularly see that the 100 country platform has been overplayed. Still cant get country by country data. Above all, what Board keeps an executive management team on when that team keeps reporting bad news, the share price has fallen 95% in less than 12 months? One that has a Chair who is the CEO and Founder. This is bizarre. You missed the short opportunity here by $30 to $40 bucks. Dig deep on building your understanding of the recently closed debt issue. That will give you clues. No fund will want to hold this by year end. None. This is not going to be a great Canadian turn around story. The most bizarre thing is that no Board member has left, CFOs have (they are always the first). and MT remains in all the key positions. Watch it for the drama if you want. Investable, long or short is impossible. Stockhouse bullboards are not the place to gain insight. But its you money. Bear]
craigbad you speculate it's pumpt and dump *& manipulation for the jump today? Others see trading programs kicking in.
It could be legitimate buyers trading in insider information? I reviewed this and other chat web sites today and it's hard to see if there is any coorelation?
We don't know what caused this and any new shorts should have covered. Always set your stop loses and limits. It's good to hear about wins and loses.
I would hold at this point until the longer term direction is confirmed and key unanswered questions are answered.
Q3 could be a turn around quarter or the bad continuation of what started to happen.
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