TSXV:RHT.H - Post by User
Comment by
Aei773ouon Jul 10, 2020 1:18pm
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Post# 31252477
RE:The price will stabilize very soon.....
RE:The price will stabilize very soon.....A follow up to my thought on the SP. Being Not a chart guy myself but sometimes it is worth to read the chart and learn a few thing. The market reacts to the oversold condition (last two days) and rebounded today on larger than average volume. In fact the market appears to regard 0.2 as the point of “make or break”. Today the idea of this company going under is removed. Is it going to be on a longer term recovery from the bottom like the two weeks after March 19? With SP under 0.3 revenue growth is assumed as ZERO. At this point in time the situation in the Southern States supports this view. And we will see in the near term SP trading below 0.3. I will be curiously watching signs when the mood of market turns around and begin to price in future growth again. Of course two news definitely helps - a vaccine is found and the Covid is surely under controlled.
Aei773ou wrote: As soon as next Monday the price will reach 0.20. This is the current fair value priced in with no growth in revenue for the next six months. The market appears to think the future revenue based in Texas and Florida cannot materialize as long as a vaccine is non-existence. Lower than 0.2 means the market trades like it will eventually go under and the company is assumed keeping on silent.
What RHT said optimistically about on May 29 does not seems to happen to the company while it’s peers are doing well, like Livongo.