Call it curiosity. I am trying to understand why people would think that this co is worth much much more than the current SP and at the same time still think it would be a good thing if the SP were going down at first to create a pretty picture ... I mean, with we move towards 50 cents and prepare for production, do you really expect we will come back down someday just to close this "gap"?
To clarify: I am fine in general with using TA to find a good entry into an undervalued stock. Where by stomach starts to rebel is when a stock gets huge positive news liek this one and people still expect that the SP should go lower ... The market determined a price based on uncertainty re financing. That uncertainty was removed with positiv news and the price jumped. Why on earth should the SP come down again as long as we don't get real negative news?
Maybe Mr Market really is crazy like that, but I am trying to find a method to the madness ...
YTC Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held