Market's reaction to today's newsSo it looked like pretty good news this morning from IRD and now, in a largely up market, the stock has done nothing. This kind of goes back to my recent Singing Frog argument.
https://stockhouse.com/companies/bullboard/t.qtrh/quarterhill-inc?postid=33405939
Because the market is still in a kind of doesn't-believe mindset regarding Quarterhill even the seemingly very good news of the last few days doesn't move the stock at all.
In a way it could be seen as not fair. When Rekor was on fire a few months ago a press release like the one from IRD today probably would have sent their stock up $5 instantly.
But that's life. I still totally welcome the good news. But my take is that until the market has reason, in the actual quarterly numbers, to see IRD as a reliable growth story, pieces of good news (and "marketing" the stock to Wall Street / Bay Street) will probably do little or nothing for the share price--subject, of course, to moves driven by wins or settlements from Wilan.
The day is coming. I have faith.