TSXV:EVE.H - Post by User
Comment by
x2j0a0x0on Sep 18, 2019 4:41pm
188 Views
Post# 30140801
RE:RE:RE:RTQ $0.265
RE:RE:RE:RTQ $0.265For the benefit of everyone let’s reiterate, that a bag-holder is someone who holds something that no longer has a chance to achieve a certain value, and that investor will ultimately need to resign to the fact that they will be taking a loss once they drop their position. First to mind for a good example is CannTrust.
But if I buy something that has potential or probability of future gains (or losses).. ebbs and flows with bears and bulls (and recessions), well, that is just basics of the equity market. It isn’t holding a bag just because it dipped. And you don’t lock it in unless you sell at a loss. Conversely, it is isn’t bagging if the value spikes. You don’t lock in your gains unless you sell.
To suggest a stock that anyone on this board holds... eg Eve... as an investor is a “bag holder” (or that Eve is circling the toilet bowl, {insert your list of recent analogies here}, etc., etc.) because of a bad spell or a lull (especially in a bear or recession, or universal dip within a sector)... where good analysis suggests (with risk of course) that there is a fundamentally sound probability of success down the road... is a bit unfair. It is okay to disagree or debate, but your posts are painting Eve positive one moment then dreary the next.
Also (as we are all aware) Eve’s value is disproportionately and constantly weighed down by certain factors... eg Ravi (and MMCAP at > $0.35). But I also (personally, just me) disqualify some of the recent price action... because the average daily trading value / volume Is minuscule (like ~$100k traded today??). There are key insiders (ie everyone other than Ravi) and looks like most longs are holding (it’s tight, barely anyone is letting go), plus the short volume is incredibly low as well. The trading pattern says that this depression isn’t all it’s dressed up to be on the surface (can’t just look at the price), despite what this is trading at right now. Of course if there is an oversupply of unloads in 500 lots that hit the bid all day long (for days or weeks or months) we will see things fall... but it isn’t “normal” activity. Sure this could go lower, but it could also be coiled... I am preparing for lower, then waiting for higher (long).
You have stated predictions of future valuation, and that you expect this will rise in the future (eg I believe recently “$0.80” in 2020). But then flip in subsequent posts.
If you believe that this will never go above its 52 week high, then certainly you can suggest that there will be bag holders.
Or, is this a setback on the road to something much better in the future (higher than the 52 week high)?
Forgetting about short-term / daily fluctuations... which is it?
: )