RE:RE:RE:LET'S BE REALISTIC WHAT IS SGY REAL TARGET IN YOUR MINDS.?One of the f*ckin ironies for Surge is going from 4.25 - 5.00 dollars will be more of a grind then 5 - 6 dollars on any type of run in the future.
When it comes to what I call "stock momentum".....
Surge's is low
Cardinal is high with risk of getting low
Obsidian is high
Low isnt good.
What I mean by stock momemtum is Surge doesnt have that many traders who made money on it in 2021.
Obsidian has a bunch traders in it that have made huge profits in it in 2021 and because of this it adds to stock momentum as the traders are more likely to further buy, it is easier to invest more when you are ahead.
I was later to the OBE game but I started in the mid 2 's and was up a dollar in a month. So I could keep buying on the way up as I had prior profit backing me. I helped take out old sharehlders stuck and I can buy now at 4.70 or 4.50 or 4.90 and not care so much as I have prior lower shares backing me...playing with house money. Way bigger guys then me and they would do that too.
Almost becomes a perptual cycle.
Probably alot of OBE traders adding right now that got shares at 1 dollar earlier. Obe was 1 buck in Feb. OBE has like no instutional ownership and for it to hit 4.70 must be some huge margin American retail investors that made money from buying at 1 buck and are continuing to drill. OBE must be one of the best performing Toronto stocks and yet no instutional ownership and it puzzled me until I thought about stock momentum. It feeds.
Cardinal always runs the risk of Eric's fund selling. That would pop momentum instantly.
Surge needs to get to 4.75 and have some traders be profitbable that hit this dip...and then it can feed.
I do think Surge has better following then OBE and can get instutions easier if a bull market starts. Retail side that needs to catch uo.
OBE has the wild traders right now.