RE:RE:RE:RE:RE:RE:If interested wait before buyingJohnnyUtah16 wrote: Yes, actually the company directly influences the fluctuations of the share price. For example, the company sells 5M shares at $14.16 which is more than a dollar discout to the day before's closing price. You can GUARANTEE that the share price is going to open at or below $14.16 the next day (now at $13.72 down 10% today) and will remain depressed until the bought deal is closed and usually longer. How is that not controlling the fluctuations? They make a decision, share price falls accordingly. That is the definition of control. Don't talk to me about investor vs speculator, i'm a long term holder of SIS but mgmt's decision over the last year have been detrimental to US the share holders.
Rational, yes obviously the market is not rational. Are you saying that the share price just happened to drop 10% today following the bought deal announcement last night? If so, i'd say you have a lot to learn.
What I'm saying is it is an irrational reaction for the market to drop the price $0.60 below the bought deal price. Thus a buying opportunity. Long term investors recognize such.
I said the company doesn't control the share price, the market does. I didn't say decisions won't influence the market. But, the company doesn't control that reaction. Buyers and sellers do. Sure the market will react to a bought deal price. If you know anything about bought deals and private placements, because they typically involve a large number of shares, the market requires a discount to absorb them. It's a short term drop. For long term investors that are light in their holdings it provides an opportunity to get shares cheap vis-a-vis where you think the shares will be 3 to 5 years from now. Especially if the market over reacts (which it so obviously has in this case).
If you are a long term holder then you should be doing alright with this stock, even with the recent price drop. The price climb from early 2016 to the fall of 2018 actually got ahead of itself. Thus the reset towards the end of the year. Where it sits now as it heads back towards the $15 mark is more in line with where it should be. Stick around for another 5 years and see where we'll be. In my opinion, it'll be worth it.
Cheers.