Post by
Guttermouth70 on Oct 20, 2021 7:05pm
For every sale someone is buying….
Just some food for thought but, for everyone getting nervous and selling their shares, there's someone on the other end thinking they're getting a bargain or this has potential and it's time to get in. Yes, the long halt had everyone thinking Sobey's, government, pro sports, etc., and it turned out it was just a wallet pass already available on the Apple and Android store with 6 million downloads they got for a song. Keep in mind those shares they traded for Paswallet were valued north of $3.00. Do you think Passwallet's parent company thought they were selling for .60 on the dollar? I would bet they thought they made out pretty well and were getting stake in an up and coming company. I think people have the unreal expectation of a small Canadian tech company with AI applications that most don't understand going from .20 a year ago to $1000.00 overnight on an unbroken upward trend. That's not how it works. There are no get rich quick schemes. Honestly, this is being driven by the panicked and scared sellers. The volume today is interesting. If you own a stock no one wants, you can't have 1.4M move in a day. Someone bought 1.4m shares today ranging from 2.13 to 2.34. The weak hands are driving the volume and driving down the stock price. I'm not concerned in the least but, I stumbled upon this when it was in the .20's so, I can rest easy with a healthy gain and watch the carnage as this slowly creeps up and up and up. Fobi is going after big fish and it's way too early in the game to start panicking. Be patient and be rewarded. As Warren Buffet said "no one wants to get rich slowly.".
GTLA
Comment by
Northstar49 on Oct 20, 2021 8:14pm
To Guttermouth70, Believe to be a Gen Xer. Well said and thanks for taking the time to jump in with something to say worth reading. ABC Go Longs.
Comment by
Guttermouth70 on Oct 20, 2021 8:32pm
I appreciate the read. You've been a solid poster on this board. Thanks.
Comment by
whognu1 on Oct 21, 2021 9:40am
$1.97 nice call..............
Comment by
PaperBoi222 on Oct 21, 2021 9:45am
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Comment by
PaperBoi222 on Oct 21, 2021 10:07am
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