RE:RE:Company response
I would have liked them to publish results minus those 5 sites. reaction still would have been negative but not to the degree we saw yesterday. Stock will ever so slowly trade up over the next few weeks. After some profit taking, for those who bought at extreme lows, we will reach a stand off between sellers unwilling to sell for 'cheap' (believing next set of results and explanations for erroneous results will be positive) and buyers unwilling to buy for fear of getting burned (will relent due to fear of missing out). Expect $1.25 - $1.50US ($1.60 - $1.90CDN) before next results PR released. If results good and there is a way forward probably back to about equilibrium level of about $3.00US - after day traders have taken profits. Then we move to next phase of development and perhaps renewed interest and new price targets. If results not so good then things will be grim.