Post by
Maxmoe on Jan 18, 2021 10:17am
Proof of old adage. Bad news travels third class
How often do I need to see this? Apparently once more eh? Good news always leaks out into the stock price and gets released promptly. As soon as they can. Bad news is stifled until they are forced to disclose. And then drop the bomb on a Friday after the close. Ughh. Well, the privates that I believe were sniffing around cph, will now be able to buy for tax losses and the "value" of a listed shell with some cash. Assuming the goodwill on the books of $25 million is written off, it's a stretch to get to 50 cents a share in total value. If the silence continues this week, there is likely more bad news coming. If there is a shred of good news, or even potential good news, it would have been released at the same time or ASAP after the Friday bomb. Can't win them all, I'm in line to take my lumps.
Comment by
Majictrader on Jan 18, 2021 1:48pm
Couldnt agree more with you. Let's see what shape it takes. I am cuttig my stakes in half. I guess this has eaten my other good trades. But its ok. You win some..you lose some...karma balances out :).
Comment by
Maxmoe on Jan 18, 2021 3:33pm
Yup, took my lumps. I'm out. Bought some vxl. It's the new sell low buy high theory. Aka sell the losers, buy the winners. GLTA. Stocks don't know , or care, if you own them so don't love them or hate them. I'll keep it on my screen.
Comment by
Maxmoe on Jan 19, 2021 6:31pm
I Looked like a genius yesterday when vxl went from 50 to 56 but now I'm down a cent. Bummer. Must be someone else's fault eh?these micro caps sure keep the heart pumping.