TSX:INO.UN - Post by User
Post by
SIGG1on Oct 09, 2024 1:04pm
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Post# 36259599
Terrible news today.
Terrible news today. t’s pretty clear that while everyone expected the stock to collapse after the terminated deal, some large holder stepped in this morning to save it. I suspect they did a bunch of large cross-trades between accounts to push the price back up. But let’s be honest—the stock should be trading much lower. It’s a strong sell.
TNT.UN is a much better REIT with a stronger future, and their stock is down again today. If you, like me, think it doesn’t make sense that INO.UN turned green at $1.09, it’s because it doesn’t make sense. The price is being manipulated again.
That said, this might be a good chance to exit before the stock heads back down.