GREY:CAAOF - Post by User
Comment by
MGtrickyon May 28, 2019 2:40pm
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Post# 29779073
RE:RE:Any news when this will bounce back?
RE:RE:Any news when this will bounce back?Hi InvestorSara,
I did the same but bough a bit early, I'm now stuck at 1.28 with my position. Here's what I think, the acceleration of the expiration of warrants has been confirmed today, so basically, investors are exercising their warrants to sell at the market. Warrants were priced at .25 cent and .35 cent on their last financials. You can see the volume spike is probably associated with that event. It will be difficult to bounce until investors are done selling their exercised shares.But hopefully, when the selling pressure is done we could have a decent bounce or not.The chart is ugly but it can go down forever. The problem is, where is the bottom, so i guess we have to be careful and not go to deep if your plan is to average down until the bounce.