Post by
tamaracktop on Jun 30, 2024 12:33pm
Perfectly normal
I don't think the retreat from 77 on Friday is cause for any concern at all.
A look at the trading history and the daily VWAP's shows that a Minimum of 1.062,000 shares were purchased below 50 cents over the course of the preceding 10 trading days.
Obviously there's no denying that some traders and bottom fishers have bought stock over the last two weeks.
They were looking at a 30-50% gain over two weeks going in to a long weekend.
Many of them probably took it.
It would have looked very tempting .
I think the tide has turned .
Comment by
jboom70 on Jun 30, 2024 12:53pm
Tide has not turned LOL. They still don't make enough to cover those crazy salaries and that won't change anytime soon. High volume of shares bought at .50 were sold for profit and the byers will soon realize there is no more demand pushing up SP. They will sell.
Comment by
tamaracktop on Jun 30, 2024 1:29pm
You're entitled to your opinion of course, and I'm entitled to disagree. The market has a longer-term view than retail investors, let alone traders. The market doesn't value stocks based on today's fundamentals Today's fundamentals are already history. The market had a change of opinion last week after the UL news. It broadcasted it.
Comment by
Napcoo on Jun 30, 2024 2:28pm
Still a spec play, anything is possible, 58 cents cad should be strong support prior gapping up
Comment by
jboom70 on Jun 30, 2024 5:47pm
Price popped on news when it was down 70% already this year. OF COARSE IT POPPED! But the pullback that happened, and that will continue to happen will be the real "broadcast" of the market. The cert and sale of a handful of units means NOTHING. It has only spurred on a few PPL's dreams that will only to be destroyed when it slips back under .50 cents.
Comment by
jboom70 on Jul 01, 2024 12:00am
A five year old could see where this is going.
Comment by
tamaracktop on Jul 01, 2024 8:26am
I'm not a 5 year old. Where's it going? Spell it out for everyone.
Comment by
Napcoo on Jul 01, 2024 11:44am
May we say it's right side buy? Or dead cat bounce? I would like to say 50 cents CAD is highly likely the bottom, but I have been wrong since the last raise at $2.25
Comment by
tamaracktop on Jul 01, 2024 11:47am
Up 13% in the US now at $0.73 Canadian. Coming up on 100,000 shares traded. We'll see where it is at the end of the day. It doesn't appear it will be down. Jboom's doom and gloom posts appear to be "off", at least for now. This stock is definitely "stirring" Keep an eye on it.
Comment by
jboom70 on Jul 01, 2024 7:26pm
MY LORD your bad at this. Not even end of the day and your calling it a win. Look at the long wicks on those candles showing price rejection. 100% right calling this last fall. 100% right saying it woulf break .50 And you will see under .30 cents by EOY. It will be under .50 by Aug at the latest.
Comment by
TeamEddie on Jun 30, 2024 5:02pm
Coming from a guy who will enter if its rises another 41% meanwhile the dip buyers will have a double at that point careful who you take counsel from
Comment by
ddogold on Jun 30, 2024 7:16pm
Bang on Eddie . If Mister M was as confident as he claims he would have bought already . All smoke and mirrors .