RE:RE:RE:Level 2 Updatelongagau2 wrote:
Not many opportunities for a safe 50 to 100 percent return in a week, aside from the meme stocks.
As much as I like your optimism, I can’t see a 50 to 100 percent return in the next week. The trading pattern in the last couple of days tends to show that the expected numbers for the PEA are already baked in the current price. We have had a 50 % rise in the last month in anticipation of the news and it seems that the profit taking has already started for a few impatient investors.
So, I expect a plateau or even a little pullback after the news. It will take a little time before the PEA brings new institutional investors and major funds into the picture. When they start coming in, that will be a game changer as the size of the purchases from such investors will certainly push the share price a lot higher.