RE:Financials???Based on the huge volumes on the CDN and US exchanges, this could be the worse case scenario. Both "insiders", their friends and shorts are taking this down. There does not seem to be any reistance.
I picked some up yesterday at below $9 and thought it was a good buy, but now I think I will be able to pick some more up at below $7. May even go to $6 if financials are not great.
This stock at $8 is trading at 4X sales which is a bargain, there are some nasty traders beating this thing down to a pulp. GLTA
ledzep4u wrote: I hope I'm wrong, but by the price movement down like it has in the last week (diregarding the whole CURA and Russia connection bullsh!t) the financials may not be a good as I thought.
Based on my experience, when something like this happens, it means that the word has gotten out that the financials are not great so the "insiders" and their friends are cashing out.
Alternatively, I'm hoping that the price action is an attempt by the shorters to drive it down before the release of the results after the market closes on Thursday. If the price recovers on Thursday, then it's the shorts driving the price down to pick up cheap shares. If not, then I would expect not so good financials and then the stock drops quite a bit. GLTA