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re: Ann: Major Value Boost for Canadian Uncon... The retrace, I...

  1. invertedva
    8,541 Posts.
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    09/08/12
    10:54
    Post #: 10546532
    re: Ann: Major Value Boost for Canadian Uncon... The retrace, I think, can be explained by a large holder continuing to sell. Before the recent announcement, they were happy with 0.9 cents, now with 1 cent. I wouldn't be surprised if the underwriters from the last CR still had some shares to offload as it been pretty consistent but non-panicked selling.

    I should add that I think the retrace is unwarrented given fundamentals.
    TSV Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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