Post by
15Stanmore on Mar 25, 2021 9:37am
In the spotlight again
Verde made the one of the TSX Top lists again this morning, only this time it was to achieve thrird place on the biggest percentage losers list, dropping 11.2% to close at $1.58. Not the kind of PR exposure you would generally want, but when you have recently been twice on the top gainers list, perhaps not unexpected.
As some folks have posted here recently, the pull back has brought the price back to where an initial position or adding to an existing position feels more comfortable. Let's see if this renewed interest will limit the pull back and we can return to the climb towards $2 per share.
Cheers,
S.
Comment by
Ciao on Mar 25, 2021 10:48am
Hi Stan, Hate to see it on the list again. Can't tell if it is forced / technical selling especially given the volume. Margin calls or stop loss orders today? I'm always more comfortable averaging up than down, but it looks enticing here.
Comment by
PedroPistacio on Mar 25, 2021 11:56am
I agree with you all. The easy come easy go investor is par for the curse as people chase the momentum moves report in the biggest mover data. Not concerning me, although have been a bit surprised by the size of today's move and volume, but as said by a poster earlier, my small caps are having a bad week across the board! Risk off mode. Been here enough times before though.
Comment by
sparkdog on Mar 25, 2021 12:10pm
I know for a fact a group of momentum/swing traders got on Verde end of Feb, begining of March. They will have exited their positions.
Comment by
Ciao on Mar 25, 2021 1:05pm
That could be the time that SH came out with the advertorial, which is how I came across the company. I'm a buy and hold for this based on the great fundamentals and underlying asset yet to be reflected in the share price. Intrinsic value based on NPV will eventually be realized as production ramps up and cash flow becomes tangible.