RE:Just 10 months agotamaracktop wrote: Exro raised $34 million in a bought deal at $2.25 that was oversubscribed.
I bought at $1.21 on November 7th, 2022 and saw it top $3.00 three months later.
I thought I was golden.
When the stock turned lower and was dropping relentlessly, I put in a stop just above my purchase price because I couldn't figure out why it was doing what it was doing.
I was stopped out in January, and I was sorry to see it go.
My sale was a purely mechanical defense mechanism.
I sold at $1.23.
I've been looking for a reason to buy back ever since and I still haven't found it.
I didn't think it would go this low.
Companies in their neo-natal stage are always subject to volatility and wild price swings based on little more than sentiment.
Sentiment is fickle, but personally I find this ridiculous.
I can't see a development in the last 10 months that would explain the stock going from being in tremendous demand at $2.25 to dead in the water below 80 cents.
The only explanation that I can come up with is that there have been no "developments", other than this merger.
Personally I think this is extremely oversold.
The problem is that stocks can remain oversold for a long time.
Until there's a seriously material development that rouses them.
If one comes.
PUMP and DUMP is all this Tamyflop guy ever does. What a clown and a crook.