Post by
TawiTwai on Apr 26, 2023 11:48pm
V.SBM: Just keeping it real.....
The news was great, looks promising..... However, in this market any news release is like shooting a BB Gun at a freight train. Investors are all desperate for cash and liquidity. So yeah, if you have a massive spike like we did, everyone and their mother sells. I am sure some of the guys who sold are on their way to Walmart now to load up on badly needed groceries and fill up the cars gas tank.
Then we have no clue on the timing on how long the results will turn into a potential deal. I expect the stock to settle at around 0.10 CAD. A clear time table needs to be provided and also an update on all the other things they are working on. Hype or long term outlooks dont work in this market that is for sure.
Just keeping it real.....
Comment by
biorun on Apr 27, 2023 6:48am
10 cents would translate into effectively a zero or close to negligible valuation increase from pre-release of the numbers. I personally believe to he market is cycling from tired hands and desperate day traders. The next piece is the deal part or any number of things on my previously posted list. They have a broader audience now than they have had for years.
Comment by
navajojoe on Apr 27, 2023 8:11am
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