tomorrow -- MY STRATEGY:as you know, I'm already long PYR, so this is what I plan to do (if anything) on Wednesday... I find it's best to lay this out in advance, since I have the best success this way
stock will do one of 3 things:
A. GO UP
- I will add some shares if the increase is 7% or more ($4.21 or higher)
B. STAY THE SAME
- I will do nothing if we trade within +/- 7%, ie., within approximately $3.65 - $4.21
C. GO DOWN
- will add some if we drop by 7% or more (below $3.65)
Comments:
- it was nice to see the NR released outside of trading hours, so we can all read and digest properly (ie., not a hot drop)... I suspect this will be the norm going forward, now that we're on the TSX... it's better and "safer" for everyone, thank you!
- I personally see the news as being overall positive, simply because Client A already knows a lot about the perfomance of the torches in their application, so if they didn't think it looks extremely promising, why the heck would they place this order?
- Client A is a big, key player so this gives enormous weight to their decision... other potential buyers will take note of this
anyway, it's really great to see the ball start rolling with hard, real-life orders for torches... hey, do I perhaps detect a trend starting???...
if we can sell an average of even 1 torch per month, how would that affect the yearly earnings?