RE:What's Up Again?
I find price action confusing too but as a shareholder it's nice to see green.
Maybe consider a different perspective.
1. March-May: markets melt down on pandemic uncertainty
2. Dec-Jan: markets melt up on vaccine success and expected return to more normalized economy
When you're in a low-volume stock like GH, and the prevailing winds are causing fear, there's very few buyers and too many sellers
When outlook improves, all those sellers come back to buy shares off those who currently hold or held through the worst of the pandemic fears
It's the old rotation of weak shareholders to strong shareholders
Buying in April means you are expecting a return to business in 12 months
Selling in April means you are expecting doors to remain close over next 12 months
Could have gone either way but GH was positioned to survive longer than its peers under lockdown scenarios.
Add to this the acquisition of Great Canadian Gaming by Apollo Group. What's left in Canada for brick and mortor casino exposure? Gamehost!
When speculators are greedy, be fearful. When speculators are fearful, be greedy. Warren Buffett taught you guys that! Looks like he was right.
Who was buying shares of GH in the $3 range? Only the CEO!! Cooler and more experienced than all of us, no question.