RE:RE:stock priceAgreed.
I put many people in to this stock in the past few years.
When I contacted yesterday, they all simply asked if they should sell. They don't really know the story....assume the stock is played out. They could be right in the very short term.
Additionally, all the traders that bought post-halt are likely on their way out.
Thankfully, all those buying today are looking for a higher price in the future.
bfw
SPCEO1 wrote: Dwizell wrote: I'm very surprise the price is so low today with a lot of volumes. Proft taking ?
We should be north of 10 rignt now, but we may even be red for the day ....
This is completely normal behavior for a stock that just recieved an FDA approval. There are always profit-takers - always. You are rigth that the stock should be north of C$10 right now and it will get there soon enough, but what you are observing right now is just a normal reaction by a certain slice of the shareholder base who are not long term investors. They may come to regret taking profits in the long run, but that is not going to change the fact that they are going to take them anyway. It is just the way it works.
The stock will return to new highs before too much longer. Company management will be out and about talking to insitutional investors andsome are likely to be intrigued by the story and buy. Plus, there are still a lot fo catalysts that will propel the stock in the months ahead. The biggest risk remains a sell-off in the market overall that drags verything down with it, including TH.