Will Coda deliver?.
After a while, some play here. From a weekly perspective, gain from 0.8 to 1, with touch of 1.2.
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So what is happening? We were supposed to get Coda assay results end of August. That didn't happen. But we did get an update today, which I felt was positive. Very good trading on the back of that. But since it was not about results, not surprising that it was not able to reach higher numbers. So we wait.
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Personally, last week I wrote I had let some go. I got out a little more at 1.1 and 1. 2 today and some oppies at 0.6. Heads slight gain, oppies slight loss. I will watch the play next week, and based on that will decide whether to buy back before or after results. I think it's still looking positive, but as I wrote last week, any delay in results, I do some risk management.
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So what may happen next week? I think we should get some results by the end of next week, or early the following week. How will it trade till then? I always believe that some come to know how are the results before others. Just a pattern, in many spec stocks. So will be watching volume and accordingly decide. But its still good from here. Hopefully downside is not much even on average results. But good result could do wonders. Let's hope it plays out that way. Enjoy your weekend and all the best.
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