GREY:HGGOF - Post by User
Post by
tarsandson Dec 30, 2020 11:37am
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Post# 32197403
Sold 5000 this morn
Sold 5000 this morn
@ $2.25
In my view the last week has been terrific , but also I think its run over the course of the last week has been overdone now on NO news yet too warrant such a run.
The only news was on the 23rd and what was that?
Well it was that they had closed the FLOW THROUGH financing at $2.00 per flow through share.
Well flow through shares get a sizeable tax deduction so in other words those flow through"s probably cost the buyer after their tax deduction maybe around $1.45.
Ya I mean where was the stock trading on the 22nd where did it close well it closed at $1.68, and its run too right now $2.30.
That is like a .62 cent jump from $1.68 -- $2.30 = .62 cents or a close too 38% jump on no news.
And look at its chart it has gapped up especially on the 29th , because on the 24th it closed at $1.98. I think its overbought for now, so I sold 5000 and kept about 3000 and am seriously thinking now . Even the RSI is at 70.5 overbought .
Each too his or her own thinking. But I believe it will drop down too $2 again. JMO