Post by
dart321 on May 11, 2023 1:36pm
The Trend Is Your Friend
It tells us what to do, if the trend is up then you buy if the trend is down then you sell or at the best sit on the side lines. If this stock falls below $1.35 Canadian there is no bottom, there is nothing there to stop if from falling more. It becomes a micro cap investment for institutions and most do not invest in micro cap plays. These institutions still in this play will be caused to sell by their own compliance departments. Now you know a buck thirty five is the ugly number.
Comment by
dart321 on May 11, 2023 1:44pm
Institutions own 21.38% of the outstanding shares, if the $1.35 is breached then we could see all these institutions running for the exit. That is aprox 110 million shares. The only way to tell if this is happening is by the daily trading volumes, watch for a spike of trading for a substantial period of time if they start to run for the hills.