GREY:ALXDF - Post by User
Post by
goldopportunityon Jun 21, 2018 6:42pm
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Post# 28209369
Fwiw..........
Fwiw..........Alxdf closed at usd .0295 == cdn .0392 (boc 1.3310 close)
Alxdf down 15%. New 52-wk low by a titch on a paltry 788 shares at the low. Although the volume was 50% more than yesterday, it was only a little more than average daily volume.
Azx down a half-cent. That tiny 1K td cross-trade gave us that new 52-wk low. Volume almost 50% less from previous session.
You'd think looking at this board that the sky was falling. Oh, brother. The key take-away for me today was the low volume. So all we had today was price volatility. Perfectly normal.
Bottom-line:
Just finished reading another one of EO's dumb responses. EO is history, folks. The guy's desperate because he knows full well that he has NO chance to win the vote next month.
As for tomorrow? Well, methinks the market has basically "seen it, done it" in terms of EO's musings. Plus, I wouldn't be surprised if the market may have already figured that we were about due for another EO response -- and that's why we had new 52-week lows today. My guess would be the market may start off like any normal day-of-late and hold back the bids and #s, and jack up the best ask # to get a sense of any anxiety. I'm actually thinking we could close unchanged or up by tomorrow's close. We'll see.
We have another month till the special meeting. As I've said many times, it's logical to surmise that alexandria will come out with a few very positive NRs between now and then. So don't worry.
So we'll see what happens. Stand your ground in the markets and in life, folks. Jmvho.
goldopp