GREY:ALEAF - Post by User
Comment by
blueboyon Oct 03, 2017 7:56pm
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Post# 26773136
RE:RE:CMM closes up 42% on the day, on great news...
RE:RE:CMM closes up 42% on the day, on great news...Past performance doesn't dictate future share price, so I wouldn't use the share issue at higher prices as a target. All that means is that CMM was opportunistic to get funding at higher levels and that the share price has underperformed since then - hardly a recipe for future gains. That said, the share price action on the news today was positive, but the day AFTER such price moves is the key one for me. If the gains hold for a few days then perhaps CMM can build a new base. If recent buyers start taking profits, then back down we go...
I, for one, hope it is the former.
BB