TSXV:HRE.H - Post by User
Comment by
TrickyGameon Jun 19, 2019 9:24pm
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Post# 29842342
RE:RE:RE:RE:my cynical view of the funding relationship
RE:RE:RE:RE:my cynical view of the funding relationshipOne other thing I should add is optimism combined with the irrational behavior of the average investor can push a stock far past it's fundamental value. look at marijuana stocking in Canada. Some of them went from around $2 CAD per share to over $65 CAD per share over weed legalisation. Beyond meat stock went from 65.75 per share on may 3rd to over $168 per share at its high in june. No one can say that the beyond meat skyrocketing situation wasn't partly optimism and irrationality. I missed both of those boats because I was focusing on Stan's. Then on top of optimism and irrational behavior of the average investor there's the instuitional money. IDK know how it is in the States but in Canada instuitional investors can't invest in stocks below a certain price, sometimes it's under $1 CAD sometimes under $1.50 and so on. Instuitional investors usually buy large blocks of shares IIRC partly because they have truckloads of money further increasing the share price. Personally what I see happening is we're going to get the terms of the JV in Russia and the AWARD in july. idk which will happen first. But if both the JV and the AWARD are favorable/extremely favorable to Stan's then the optimism and irrationality of the market will push the share price up expotentionally, if it is up high enough then the instuitional investor will pile into it further upping the price.