Whole number technical level, aka 'Double Zeros'. Humans like patterns and simplicity so $5 fits our psychology nicely. Not a very good reason to place your buy order but people naturally gravitate regardless, myself included. I've bought today as a first time holder and long term watcher of this company.
My reasons are less technically based (though admittedly I'm hoping others see a technical support line at $5) but more as a value play. Historically well run company, big vision, super lean operation, conservative to the point of reclusive management, a near endless pool of money from major shareholders Soul Patts for growth funding and all for a PE of just 10 times forward and a 2% Divvy!!! Bargain!
Is this the bottom? NO IDEA....but i think it must be close and i'd be happy to continue dripping in at these levels.
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