Post by
MidtownGuy on Dec 03, 2021 11:15am
It's the market, not PYR
The whole market is selling off, small caps especially, which have been hit particularly hard for almost three months now.
Large short positions have been taken on assumptions of over-heated sectors of the market, in PYR's case assumptions about supply chain and contract delays, and what's deemed a too high SP. It's an assumption of vulnerability, whether true or not. That's just how they work.
But it's not just PYR, as Canadian industrial tech small cap is getting smoked lately:
XBC down 14% this week, 34% this month.
GRN down 9% this week, 25% this month.
PYR down 17% this week, 27% this month.
If you think somehow this is just a PYR issue, you have no idea of the broader market or you refuse to look beyond this one stock.
Small caps are due for a reversal soon, as they've taken the most lumps, so hang in there.
Comment by
Dividends on Dec 03, 2021 11:17am
Why people hating on small caps?
Comment by
TheShare on Dec 03, 2021 12:25pm
As MTG said in previous statements, if there are bad PYR news they have to be pressreleased as well like good news. Its TSX and Nasdaq rule. And there are no bad news, only a delay in the timeline. GLTA
Comment by
Edgetown1invest on Dec 03, 2021 12:54pm
This post has been removed in accordance with Community Policy
Comment by
StairwayTo on Dec 03, 2021 12:59pm
The market is doing extremely well except for the last couple of weeks. PYR is doing extremely bad for the past many months. . .