Alterra Power MGMXD

Who's accumulating?

[RDK241t]

Is anyone able to tell who is accumulating?

[BobTheKnob2]

Hard to say. It could be anyone, maybe a new mutual fund looking to pick up a position in a renewable energy company. Who knows. Nice move though.

[Newstock44]

I think it is the Americans, lots traded on the pink sheets yesterday and it is starting again, could be the Clinton people, but know the company is concentrating on the US. Hope the new price target is in  US bucks that would be almost 97 cents and would get us to Boldforbes number, all good cheers.

[SimplyRunRig]

The latest target from National Bank was specified as CAD, so it's .75CAD or (now) .58USD, which is why I think the targets on https://www.4-traders.com/ALTERRA-POWER-CORP-5410323/consensus/ are in USD. But we keep hitting the targets so hopefully they'll keep raising their targets, and $1 CAD soon may be here.

[SimplyRunRig]

And now I'm positive the targets on that page are in USD, even though the chart at the bottom is labeled CAD when you mouseover the points. 0.62 USD = .80 CAD.

[Newstock44]

Just changed to 80 cents Canadian from National Bank, today's closing down 20 percent from new target price, that didn't take long to up another 5 cents or 6.67%.. What reason do you think it was? let me know if you know anything..cheers

[materialsgirl]

The main reason is that if a bank recommends a stock they cannot have a target price similar to the current market price especially if there is no dividend. A shift from 75 to 80 cents is not mathematically meaningful.  Sure it is 6% or 7% but it is only a nickel. in other words, there was no logic based reason but let's hope that they are correct in the very short term.  80