GREY:CCTXF - Post by User
Comment by
99hockeypenguinon Dec 18, 2017 10:16pm
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Post# 27183849
RE:RE:Crappy day...
RE:RE:Crappy day...Although it’s no fun watching the SP go down, I feel today’s price drop isn’t significant if you have even a short to medium term outlook. Sellers today were definitely broker warrants (they always sell when their shares are released from hold) and unsophisticated investors that got into the PP. Why else would they wait until the PP shares are free trading versus shorting in the past month? Risk is much higher once the shares are free trading; experienced PP participates don’t dump the 1st day of trading.
IMO, the stock could slide in the next few days but the PP closing and positive news could reverse that quickly.