TSX:RCG.PR.B - Post by User
Comment by
SamRothsteinon Dec 22, 2020 8:02pm
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Post# 32166538
RE:rise to $ $ 2.42
RE:rise to $ $ 2.42Astutein, Yes I am still in. I do think stock will get back to $2.00. Not counting profit I made on the sale of shares in tender at $2.42, my remaining shares have a cost base around $1.85 so I'm getting super close to break even on remaining shares. I anticipated downward pressure after the tender as I know a lot of people jumped into stock just for that tender and wanted to unload their remaining shares. Plus the hedge fund that bought a lot of GMP in march and april at the all time low. Stock has climbed from low of $1.53 to $1.70 in just over a week so looks like that downward pressure is done. Hoping there will be some kind of positive announcement re. acquisition before end of January.