TSXV:KHRN.H - Post by User
Post by
v6tdaineson Feb 20, 2019 7:00pm
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Post# 29391079
General Trading
General TradingIt appears to me that the fellows running this market seem to be able to create strength and weakness any time they want. It helps that the share count is very low and insiders hold a bundle of the outstanding shares.
The run up at the end of today showed this as it ran from about 3.55 to 3.78 and the buys were large offers, then back down to 3.58 was a classic on smaller volume. This established a couple of things... That one simply cannot rely on a run up at the end of every day nor is anyone going to be to able to predict a consistent pattern or patterns going forward. A lot of traders are going to get caught on the wrong side.
Today was a great consolidation. I would say that anyone risking a short on this one is going to go "splat". I am in fairly large and am holding it for the long haul. Good Luck to all.