Enthusiast Gaming Holdings Inc T.EGLX

Tax loss selling over. Up 19% today.

[Oldschool2022]

Year highs of $1.42. Now trading at .25 per share. Now much overhead resistance. See you at .30 per share soon.

[1condor]

Oldschool2022...Really??? The stock underwent extreme distruction during 2023 and I just hope many were able to sell their positions earlier in the year and at least save some of their capital. I suppose there is a chance for a trade here (because that is the only way to make a buck here)...but make no mistake the days of a SP of a dollar or more are over.

[Steve33]

It won't go past a dollar until they report a profit. That might happen sooner than you think. Management has said as much. Problem is how much credibility do they have.

[Puma1back]

they were well into Q4 when they reiterated this  - as we have seen the market is doubtful, but perhaps the message was fogged by the volume who were exiting regardless. So, if there is a good sniff of profit on a forward basis this could spike, but any gap up would be backfilled so it would be a trade opportunity to not miss  

[1condor]

This pop in the stock has absolutely nothing to do with the long term fundamentals of this company....this is daytraders in here making a buck. Its that plain and simple.

[Steve33]

I hope your wrong condor. I just went back and read the q3 earnings call. CEO and the CFO strongly hinted at q4 making a profit. Its a great read if interested. At the very least compelling. There is a bias there but if they are right this stock could turn around. Im in untill then. If its the same old results and excuses I will feel like I have been conned and Im done. Got my fingers crossed

[Puma1back]

I suggest it was just massaged window dressing for year end closing price benefits. They wait until loss trading deadline passes and quick push fior that close.  

[Puma1back]

Interesting that of the 100k plus shares RBC bought almost all started at 1:50 pm right through to close.  Not really a lot of $ involved but would suggest one buyer - you would think that if averaging down why not do it a week or so earlier when there was even more sell side volume

[Puma1back]

Following that , half of TD's 80k of buys were also in that time slot - and 75% of the anonymous 44k or so of  buys were at that time as well. Even Crapaccord had almost half it's buys there though # was smaller  market pick up was only in last 15 minutes