This is my cynical take on Friday’s logic defying insanity. Some actor or group staged the mass sell off to fleece the buyers who drove the price up to 11.5 cents on the back of the stellar quarterly. A lot of buyers that morning we’re probably buying (some naked buyers amongst it) looking to make a quick couple of hundred or few thousand. When it all went south sharply you can bet a lot sold out to cut their losses. The sharp decline coupled with social media rumours that somethings not above board helped enduce panic selling.
This has happened multiple times in the past every time they make a good announcement the stock cops a flogging.
i picked up another parcel at 9 cents, feeling good about it now.
AB1 Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
