TSX:NANO - Post Discussion
Post by
Lawisfun on Jul 18, 2024 12:37pm
Big News = Big Pump
If we're lucky, we might get a big news release prior to or during the "Special" AGM. If the NR is significant, we might even see a ~60% pump before the ensuing dump. That could get us back to about $2.12 from where we trade today (which is just about the highs following the Worley NR and prior to the dump that followed the Worley NR).
The pattern with Nano is to have a pump following big news followed by a dump and then an extended downtrend until the next pump.
For example, following the SMM pump (which peaked at about $3.30 CAD), we collapsed to sub-$2 following the ensuing dump and extended downtrend.
So if you are planning to sell on news, it might be prudent to set a sell order in and around that ~$2.25 mark to hopefully catch some sales at the peak if/when we get our next big NR and associated pump. These Nano pumps tend to be extremely short so it helps to plan ahead. There will be many investors looking to exit at the next opportunity so I trust a dump following our next pump is reasonable to expect.
good luck to all the longs.
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