Sunniva Inc SNNVF

RE:RE:Doubled down - Open Price tomorrow?

[sunrize]

Speedybeedy wrote: Bought a bunch more today at 17.30. Started buying right at 10 and have think I have finally reached my limit. Time to sit back and see where we go. Really good volume today compared to past few weeks which is a really good sign. 
Some may be pulling profits from places like aurora and Cannimed deal and brining them here. 
Money is flowing in. 
I hope for an open of 16.72 and up from there but we have gone straight to the moon since listing so it’s hard to say I guess 
It looks like it just wants to keep going. 
Had a really nice bounce back off the mid day lows and strong close which makes me think we stay in the green tomorrow. 
We really bucked the trend in the sector today as almost everything was in the red besides Cannimed due to the huge takeover deal that aurora is going to figure out how to pay for. 

Those big take over deals never seem to work well for the buyer. I think back to teck/fording coal deal that drove teck almost to bankruptcy. Cenovus/connoco deal that split Cenovus stock price in half and is till recovering. And both those companies actually made a substantial amount of annual earnings at the time. 
Im sure aurora is going to feel some pain from that deal as they have minimal earnings. They have been a kid in a candy store for the past 3 months buying everything they can get their hands on using shares which clearly need to be heavily diluted to
pay for these purchases. 

I don't expect pullbacks on this anytime soon.