Post by
Snowdrift on Feb 23, 2021 10:43am
National Post Article
Hi all,
I think this morning's drop has to do with the National Post article published yesterday, in which the analyst says that the stock market is too frothy and stocks like Pyrogenesis could have their bubble burst and people could lose a fortune. He was using last year's data ($17 mill in revenues) rather than sticking to the new developments : $40 mill backlog, no debt, flush with cash, moving to Nasdaq, big contracts soon to be signed, etc.
To me, the article was written to scare people into selling their shares.
Since Pyro & HPQ have such a close collaboration, I think HPQ got caught in the exodus.
IMHO, Snowdrift
Comment by
dredlz1 on Feb 23, 2021 10:50am
It certainly did seem to scare some folk, so mission accomplished. Great bounce back for pyr tho- so far. From over -30% to under -9%. Resilient P.s only regret is not taking profit and scooping more at the lower price. Long and strong!
Comment by
Moneycat on Feb 23, 2021 10:56am
I tried buying some PYR for when the halt was lifted but it ran too fast on my bids...I didnt want to go at market as I did not want to get burnt
Comment by
yf4l8888 on Feb 23, 2021 11:18am
agree in hindsight its easy to think that, but in the long run its betternot to sell for smaller profits when the big picture horizon is so bright! wouldn't want to be on the sidelines when we move forward!
Comment by
teheran10 on Feb 23, 2021 11:26am
That must be one of your pinko journalists who is still not happy with the revolutionary tech. PYR and HPQ have. They are never happy. Do what the tell you NOT what they do. The Animal Farm anyone?