RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:TTD/MGNITOJay: No kidding! I took a full position at $2. I find it hard to justify not rebalancing my portfolio, much less buy more...
Torontojay wrote:
skelterhelter wrote: Yes, exactly my point. It only "works" because volume is low and bids are weak at this price level.
I still stand by my previous hypothesis that Canadian funds are likely maxed out on allocation and it needs new money (read US) to push it back up higher.
Good point. Many of us who bought earlier are maxed out at the moment and there's only so much money people are willing to allocate to a name. I added more recently but I'm certainly overweight as are many others. We need new demand or investor interest which will bring the stock up to the $30 range. I believe this will be achieved when we hit the Nasdaq but certainly by the second half. Predicting the stock price in the short run (day to day) is like flipping a coin. I do know that the story is far from over and you only sell a stock when something fundamentally has changed with the company. I was very pleased with q4 numbers and I continue to hold.
This will be a $100 stock one day.