WAS TODAY THE BOTTOM ?!?! (Longs? Monopoly? MRH? Thoughts!) MrHamilton and Monopoly are two LONGS I highly admire and respect... so I would love to hear from the two of you particularly, what your "objective" opinion on Score is at this particular time?!
With NO SPORTS COVERAGE, NO EVENTS, Cdn parliament in isolation of the coronavirus.... what factors, catalysts, etc are going to OR even could take us back to levels we were at just one month ago?! Casinos are closing all across the states so its not like any NEW markets are going to open up for us at this immediate time.
We were severely oversold yesterday at $0.31 and with TSX Index up 2.63% and major US markets up 5-6% today alone we rightfully caught a bid and did a nice oversold bounce as a bunch of investors re-entered the market or incrased their holdings as I have heard from various posters on here and stocktwits...
25% bounce was phenominal but again the magnitude of todays bounce just reinterates the lack of liquidity which can be your best friend or worst enemy.
Technically, I still see the possibility for another 20% move higher as we have a GAP to fill between $0.43 and $0.50 giving this another 20%+ upside....
BUT lets say this corona virus carries on longer than any of us like... what happens after we rebound from the drop of $0.87 January 22nd to $0.31 yesterday just 2 months later, to lets say $0.51 .....
Lets just say ("GOD FORBID") NHL, NBA, NFL, even Baseball ALL GET CANCELLED- seasons cancelled! I GOT TO BELIEVE WE SEE A SECOND LEG DOWN ....
Do you two honestly not think that score could unfortunately fall back to that $0.30-$0.35 cent range UNTIL life and world goes back to normal?! Until there is a vaccine, or until liquidity in markets gets back to functioning normally again.
Do either of you believe we witnessed a bottom?
Cause I still believe we will witness a retest of today/yesterdays bottom before this stock truly grows wings again.
In finishing this post, its not like $0.30-$0.35 is end of the world... for those smart enough to have been sititng on cash or brave enough to raise greater % of their capital towards a GROWTH STOCK like Score it could become an unbelievable buying opportunity to load up before it does go back to $1+ as we all envision...
THANKFULLY I RE-ASSESSED MY OPINION ON MY INVESTMENT IN SCORE BACK AT $0.62 AND ACTED ACCORDINGLY... with stock falling to $0.31 and sititng at $0.40 fundamentally I still dont see a reason to load up on this stock again just yet.
Curious if LONGS on here can tell me why I should be "bullish" beyond the fact that we are sitting back at 52 week lows?????