RE:RE:RE:Small resistance got tru...ssnowdday wrote: What do you mean in: " this is probably one of the rare IPOs of the past two years that isn't entirely underwater " ?
Where do you see it two years from now?
Also, are they going to split the stock or leave it at that number for a while? I do not beleive in dilution.
Anyway, even on low volume, somes are buying since a while...
IPOs havent done great recently BBTV, FLOW, FDGE down 90%, a bunch of other IPOs that are down 50% on the initial list price.
I dont think share number modifers like splits do much other than change peoples perspectives, dollar volume traded would still be similar and it wouldnt change small market orders from moving the share price.
Excluding M&A which I dont see happening it all depends on how people value PRL on the fundamentals.
As I mentioned before on busier quarters with new accounts there is higher PCL and transaction costs. On periods with lessor growth profitability improve.
Assuming insiders dont start selling with support and results follow the trend, and fundamentals holding it is likely to improve the SP.
How well it holds up if there is a financial crash from inflation or rates going up is still and unknown as to the extent of losses.