Post by
1student on Sep 19, 2023 2:36pm
Nothing yet? Perhaps Come Back closer to Next Year.
2024 is the year of the investment tax credit being made available by the Canadian Federal Government to companies like NanoXplore and it's for now 100% equity owned VoltaXplore enterprise.
I don't see the annual tax loss selling season having much of a effect on the willingness of retail shareholders to trade out of their NanoXplore equity positions.
Any of the institutional shareholders wanting in to NanoXplore likely won't be successfull in walking the NanoXplore share price downward, in order to accumulate many shares at much lower share price points.
After all, the share price low for the year has been a intraday $2.05 and that recent $2.29 share price bottom really didn't have the impacting retail shareholders capitulation which certain institutional shareholders and/or their employed minions would have hoped for.
For the little kumquats playing with the NanoXplore share price, I would suggest you go right ahead and take the NanoXplore share price down to $2.29 or lower. Doing so would be of no use to you anylonger and you'll find that retail shareholders (such as myself) will be scooping up your own shares, which you would be cross-traded at market in order to walk the share price downward and create the misconception and the resulting retail shareholders capitulation you require.
You are done for the year. Everyone and their uncles are on to your games with the share price.
I am calling $6.00 before the end of the year; and that's conservative.