Continued Learning Lesson for Management..The volume of trades that occurred on Friday doesn't reflect the 5% + drop. The largest outflow was 15000 shares taken out on the bid.500+ small trades exchanged hands, but due to quipts liquidity, price went lower and now sitting in oversold territory.
Historically, this is a good time to buy, but we should expect some further bleeding on Monday. I would love to see a move down and reversal.
The lesson for management is timing and transparency. TSX.V is for degen traders that understand how to move markets (also why I love it), thats why I dont think running a conference call days after earnings release is a smart idea.
Too many outstanding factors that could be answered in the Q&A to get bids from the heavy hitters, but they will probably wait to get in on Tuesday.
Don't get me wrong - their results look great and I think the negative EPS is irrelevant for a company planning to potentially grow 80% in revs this year, but - quick fire answers to how we should look at the pace of integration, margin expansion, one-off items etc should be handled THE SAME DAY THE REPORT IS RELEASED.
Great operators, but management still a bit inept on how to manage market participants. They've indirectly created this volatility because of their maturity.
Decent trading opportunity, but could've been avoided.