RE:RE:RE:ShortsNewtrader1982 wrote:
1 thing I don't agree with you on is that it's safer to buy at 5 this has traded above 5 on 2 separate occasions already and both times was unable to sustain the rally and sunk back down below 4. Common sense says it's a much safer buy below 4 than above 5 at this point.
and that's what makes a market
my point was we are in currently no man's land
if the earnings report is solid than I beleive we go much higher and likely do not look back as the company will have proven it is indeed 'out of the penalty box'
if not - yikes
i have no knowledge of the internal workings of this company (other than public info) and have stated many many times that it 'appears' to have a lot going for it
there are countless companies in canada, the US and worldwide that are competing in the same general field - as well as many other similar ones
so for me, this remains a speculation and i will be happy to buy it higher (once proven) and possibly much lower (yet, these potential stink buys are 100% based on how this report comes out)
if we are going to $20 who cares if i buy it at $5 or $6 vs today?
not me
i have tried to be 'that guy' - thinking i'm so damn smart, and guessing the "bottom tick" far too many times (oh yes, this too one of the many many investment mistakes made in the past........)
as mentioned i own a basket of these greenies, and own no xbc at this time
good luck