Post by
flamingogold on Sep 18, 2023 10:57am
On it's way to test $2.25
and maybe the $1.90's just on fear alone from the $3 wall coming down. Shorts may help push it down as it hits their radar.
Comment by
HarryBarry on Sep 18, 2023 11:14am
Which would bring it below Cash in Bank Value of approx $2/share - am I correct? Harry
Comment by
flamingogold on Sep 18, 2023 11:25am
Markets are notorious for being irrational at times. In this rate tightening cycle I've seen many equities touch levels that don't make sense.
Comment by
RedeyeGarf2 on Sep 18, 2023 12:30pm
Cash is about $2/share, property value is about $2-3/share
Comment by
Northforce13 on Sep 18, 2023 1:53pm
Not correct, no, 2.25 is not below 2.00; 2.25 > 2.00
Comment by
flamingogold on Sep 18, 2023 2:56pm
If the response is meant for me, not sure what you mean. Given the latest results, I think the stock could certainly retest $2.25, Add in shorts, fear, and momentum it could overshoot and go lower. It would make a good dip buy as I wouldn't expect it to stay there long