RE:RE:First Reaction
growthnprosper wrote: So we should be over $ 20 by now then!
In my opinion, I think the stock will begin to take off in early 2022. This is my thinking:
Many new investors may have purchased shares for the first time in 2021 at prices much higher than now. As we look into the second half of the year and specifically Q4, we may see additional downward pressure from tax loss season from those who want a tax refund from their losses. Mind you most of these people probably exited their positions already. Hopefully by the time we get to Q4 we may see the industry recover and the negative sentiment is behind us. Either way, Acuity remains my largest position in my portfolio and I will continue to add along the way as long as the growth remains intact.