RE:RE:RE:RE:RE:RE:RE:RE:RE:Goliath Resources August 2021 PowerPointHello
I appreciate the reasoned optimism on the recent downtrending but I have to ask, are we talking about the same stock?
The decline over the last couple of weeks and the single-day crash of 10% from today's high are concerning but not unheard of, even for good companies (which Goliath is). But when these things are followed by a 5% crash, literally in the last minutes of the trading day, it is a huge red flag for me.
On the US OTC exchange, beginning just at five minutes before market close, GOTRF (Goliath Resources Ltd.) saw a sudden frenzy of price volatility and fell from .89 to .8482. Again, price volatility beginning abruptly five minutes before market close pushed the price down 5%.
It is difficult for me to attribute this to seasonal lulls or market sentiment. Moreover, Goliath is a solid company and they have recently had significant positive news so this acivity can't be related to news or value.
I can't imagine any reasonable explanation for this activity other than a coordinated attack. If Goliath is the target of a short attack, it almost certainly will not end well for Goliath or its shareholders.
I'm in this stock pretty deep because the DD is sound and it's a good company with extremely good prospects. I would love to see a reasonable and convincing alternative explanation for this activity. I'm not a very experienced trader so I could be overlooking something here but it looks textbook to me, self evident.
If I'm missing something please let me know. It would be a great comfort to be wrong about this.