RE:Institutional buyers First of all. Habs do rule.
A lot of people have bought this stock hoping for a large torch order and a big home run.
This board is full of pumpers saying that order is immenent so people are holding on..
FOMO is the reason.
Even myself, FOMO is why I hold on despite every techincal indicator I get says to me this is NOT happening, I still continue to hold on.
Habsrule123 wrote: Every time we go through this with pyogenesis I ask myself looking at yahoo finance, why are institutions like Ark, TD, RBC, Scotiabank capital, Goldman Sachs and Morgan Stanley purchasing this stock? 31 institutions in total. Well they're buying it because they must have enough experience to know a good thing when they see it. True a lot of these institutions like to dip their toes just in case but they don't do it for every company out there unless they actually see potential. I personally think people today treat the stock market like a casino and need to take a step back. Patience is a virtue and if you don't believe in it then why did you buy the stock in the first place and why haven't you sold? I purchased the stock for the long run not for the expectation of it increasing everyday but apparently a lot of people today want just that.