RE:Golden Cross(Ignore previous formatting mess, happens occasionally with SH.)
I agree that it is all about news at the moment. Only the Q2 report has come out in the last eleven weeks or so. I posted this a while back and things really haven’t changed, so it pretty much stands as-is.
“We have about (10 weeks) before the next financials are released - will the share price build gradually until then? Perhaps go higher during this time, or rise at a faster rate? Generally speaking, in periods of no news, a company’s share price has a tendency to weaken.
Will there be news releases about Frontier, Westjet, SITA, Swoop, ECCC, COMAC? or about sales of the Edge (5G), Edge+ (WQAR), or AFIRS SatCOM? How about news on the wireless data loading product being developed with MBS? Or about the details on the remainder of the UK MET Office WVSS-II order (aside from Logan Air)? Of all these items, which one is likely to have the most impact?
Management has stated: “Sales pipeline includes (more than) 15 prospects of $7m or greater. What might these be and what are the chances that any of these prospects will be realized? And if any are, what kind of difference might that make?”
Casual reading at the IIROC site...
“Timely Disclosure
Disclosure rules require that companies report all material information about their business and financial affairs to the public in a timely and fair manner. These rules aim to ensure that investors are given equal access to material information.
IIROC monitors the timely disclosure of material information by companies trading on marketplaces that have retained IIROC as their regulation service provider. Media releases issued by listed companies with material information are reviewed by IIROC surveillance staff before being released on the newswires or the company’s website. If a news release is unclear or overly promotional, IIROC may ask the company to revise it.
Trading Halts & Resumptions
When surveillance staff believes that the information is material enough to significantly impact the price of the security they might issue a “trading halt.” A trading halt is a temporary pause in trading to allow the market to properly absorb the information. It is based on the principle that all investors should have the same timely access to important company information. The reactivation of trading after a halt is called a “trade resumption.”
If IIROC staff notice erratic price moves in stocks, they will contact the issuer to see if it has information to explain the movement. Staff may ask the company to issue a news release if they believe that material information is leaking into the market or if they believe rumours are affecting the stock price.”
Based on the last paragraph, the recent share price rise over a month or so seems not to have been deemed “erratic”. Can we assume that a rising share price is therefore warranted? And, if so, is it simply based on the Q2 results release?