Post by
RANDMASTER on Jan 12, 2024 10:44am
YESTERDAY'S BIG BOUNCE
I am not well versed on technical analysis.
With a big bounce yesterday on four times the average volume and without any press release or breaking news there must be something pushing this upward.
I have held a sizeable amount of this stock for sometime and believed in its value. Just like it's important to understand your mistake I believe it's important to understand why things move in your favour.
Does anyone know what is suddenly moving CAS.TO upwards ?
Comment by
Apostata on Jan 12, 2024 2:23pm
All I can tell is that they were featured in the Globe and Mail two days in a row in their daily analyst picks: https://www.theglobeandmail.com/investing/markets/inside-the-market/article-fridays-analyst-upgrades-and-downgrades-for-jan-12/?cmpid=rss Even then, it's not exactly a rave (they get a neutral rating by one analyst) so the question for the outsized volume is a good one.
Comment by
wkrpradio on Feb 22, 2024 3:23pm
"Analyst" is the modern term for witch doctor.
Comment by
Apostata on Feb 22, 2024 5:27pm
LOL I'll take what I can get with CAS. My mantra is "at least they pay a dividend" :)