OTCPK:EUCTF - Post by User
Comment by
endeavouron Jan 19, 2017 11:44am
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Post# 25728356
RE:RE:If there was ever a good time for NCIB buying...
RE:RE:If there was ever a good time for NCIB buying...Ringert, actually i think the opposite is true.
NCIB and Bruce both on the buy last couple days in open market.
The blackout was lifted recently - thats the real cause of the weakness right now as investors have the attention span of a gnat and if they don't think any major announcement is immediately pending, they sell and move on. That, in my opinion, is what we're seeing now.
The stock will likely only stop moving down once they enact the blackout again, as that would signal something significant is in the works - but that could be weeks or months away, thus the buying opportunity presents itself (again) for us long term investors. Not what we would have preferred but it will likely look like a bargain when you look back in 12 months time.