TSXV:EAST.H - Post by User
Post by
mjt2020on May 21, 2020 10:04am
117 Views
Post# 31055691
penny flipping or committed buying?
penny flipping or committed buying?Kinda hard to tell how this is going to unfold in the next few days.
The have been some institutional buying nibbles and some anonymous buying yesterday and again today. However, then there is clearly a bunch of penny flipping by Canaccord and various retail brokerages.
Finding it a bit hard to say if anyone is willing to give it a committed push. In theory they are well positioned but I guess maybe the concern is how effectively can they deliver the goods in a timely manner and how well positioned are they for distribution.
I want to try and see where it is all going. Volume seems to be holding for 3rd day though obviously there was some drop off. Keeping up the interest in this one, even if a lot of it still penny flipping, is quite important.