Post by
sunshine7 on Apr 18, 2019 11:41am
Palladium is up US$70 IN 2 DAYS...
which is an additional CD$25M annualized into the coffers of this highly profitable company. Yet SP is down! WTF
Comment by
Jaydcrzy on Apr 18, 2019 12:10pm
WTF indeed ... Maybe the banks that purchased the 5.5million shares will use the 15% in over allotment to stabilize this thing? I have trouble believing they plan on losing money long term. Resource stocks have been pounded in oblivion and eventually we need to see a correction? Or will the dow just trade to 30k on all that printed money.
Comment by
Ogokimadman on Apr 18, 2019 12:21pm
Yeah I think loose hands are being tested. It's frustrating to watch for sure but I think patience will be rewarded. I can almost guarantee the banks involved in the offering are preparing some coverage reports and price targets as we speak to get this thing moving.
Comment by
macdtrader on Apr 18, 2019 12:38pm
Too bad Sprott isn't buying into this. He sure isn't hurting WM share price buying every day in the open market. Maybe we should give him a call! lol I was prepared for this the minute I found that banks were coming in. I hope they are as good when they jack it up to sell it.
Comment by
Jaydcrzy on Apr 18, 2019 1:18pm
Exactly, it was an epic push to 26$ .. everyday market orders to gap open. Brookfield obviously had their brokers execute that move. At least we know now next time we see that happen we will know to short the top ..