RE:In the spotlight againThe increased volume suggsts we attracted some new investors to the story, but who's to say these are the kinds of investors who want to buy and hold, or whether thay are momentum investors who buy with the hope of short-term gains. If it's the latter, it would explain the quick run-up followed by the equally quick pull-back.
Personally, I prefer to focus on the value proposition and long-term investing, and nothing has changed in that regard. Based on future cash flows, growth projections and industry tailwinds (chloride-free fertilizer), this is undergvalued here IMO.
This company already has a large, committed, long-term shareholder base and I expect we will gradually find more of those investors who won't be willing to part with their shares at the slightest sign of a pull-back.
15Stanmore wrote: Verde made the one of the TSX Top lists again this morning, only this time it was to achieve thrird place on the biggest percentage losers list, dropping 11.2% to close at $1.58. Not the kind of PR exposure you would generally want, but when you have recently been twice on the top gainers list, perhaps not unexpected.
As some folks have posted here recently, the pull back has brought the price back to where an initial position or adding to an existing position feels more comfortable. Let's see if this renewed interest will limit the pull back and we can return to the climb towards $2 per share.
Cheers,
S.