That didn't take long. Back in again today for 2.7
Day traders pumped it like hell yesterday. If you flick back through this thread, re-read all the ramping. It may have run on further if the CR hadn't occurred but once the traders left, IMO it would have returned clsoe to 3c and then started growing again as it has been.
For all those whinging about mgmt and saying why didn't they announce things differently, consider what would have happened if the CR annc had come first. We were sitting at 2.7c, it would have likely dropped down thru support/resistance at 2.6 and prob been around 2.2c. The revenue results posted the next day would have had minimal impact. Anyone following SMA already expected results to be around 340K and likely 350-370K given the province rollouts so it's not like it was earth shattering news. So IMO we are better off with what has happened.
Another thing to consider is that this CR is to us, not to SI's who will just dump. Sure, some of us may dump but given that it is only 1:7 shares, most will go to substantial holders who are in because they see future value and will likely hold. I see great future potential but if traders are going to pump this too far, I would again take profits. At current levels, it is back to undervalued IMO.
I could go on but this is already lengthy. All of the above IMO and DYOR (seriously, 37.8M profit? sp16-20c? some ppl post some great stuff but don't just go off HC posts)
Super Exciting Week Coming?, page-130
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Mkt cap ! $30.44M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 52631 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 5981 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 52631 | 0.165 |
1 | 5263 | 0.160 |
1 | 1974 | 0.155 |
1 | 2000 | 0.130 |
1 | 37000 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 5981 | 1 |
0.190 | 26331 | 1 |
0.195 | 10000 | 1 |
0.205 | 9447 | 1 |
0.210 | 50000 | 1 |
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