RE:RE:RE:RE:RE:Bullish Abondoned Baby Candle Formation ⤴️ ReversalThis stock has been shorted hard and there has been some, what appears to be automated trading or algorithmic trading if you prefer. A drastic drop down was expected after the Conference Call/NR; Insiders would have had restrictions to sell given the high probability and reference to regulatory restrictions would have prohibited a sell off.
The other point regarding a "Stong Buy" and a relatively high price target is based on the Company's Fundaments, Earnings, and Relative Valuation. Your broker may provide you with a stock report such as Thomson Reuters or Morningstar. In order to bring this pps up would be to regain investor confidence and for the Shorts to begin covering, so we may see a few more cents drop or a consolidation for a brief period once this feeding frenzy wears down.
The entire market has been taking a hit, so you'll see a turnaround after the sell off and investors regain confidence. There will be additional monies coming our way soon, I'm sure of it. Company has many positives. If you look over what Neovasc has going on, which I'm sure you have done thus far, you'll see there is great upside to this.