GREY:ICOTF - Post by User
Post by
DrHolidayon Jun 22, 2018 3:26pm
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Post# 28215437
Traders note
Traders noteDesjardins is a big buyer @.145, and they are smart to repurchase after scalping the stock @.20 cents yesterday. Stronger hands are now picking up shares on the rebound from those shaken out on this dip. Capitulation on weakness is the strategy of a fool, since we know that results are forthcoming in July and this bodes well for approval.
Those who bought yesterday and paid a small premium bought the volume spike, and this shallow retracement is just a classic shakeout which is I have seen many times before the big money shows up. It`s all about positioning in advance of a takeover bidding war and or a licensing deal to obtain the marketing rights worldwide. Hold on tight to your shares and do not get shaken out.