Sure it often does, but often no more than pullbacks for other reasons.
How do you know it wont go up to say $4 before pulling back to $3.50 and then zooming up further? Regardless, it might not go down at all on a CR at all, I’ve held some recent examples where it jumped up instead (eg VXR).
Seems to me the upside and downside risks are much greater regarding the assay results than any hypothetical CR, but it’s your decision and yours only.
I can afford the loss if this drops back dramatically (eg on disappointing assay results), perhaps you can’t, or shouldn’t. Perhaps you know the value much better than I do (as I suspect most of the market does).
EL
CPN Price at posting:
$2.45 Sentiment: None Disclosure: Held
