Re: Where are we heading here?
in response to
by
posted on
Aug 02, 2018 03:54PM
Most people in this forum have been kicking around the capital markets for at least 10 years if not 20 or more.....so most have likely been in a situation like this before, I know I have.
The question Koo is asking, if I understand it correctly....is this. Is the giant move we've made over the past couple of days directly and solely attributable to the news of a potential US (Naz?) listing?
And then...
Is this a harbringer of even bigger gains? Or could we be witnessing some irrational exhuberance (sp?) with the share price primed now to re-trace?
Frankly, based on past experience, I can see it going either way. But I'm leaning toward the former, that this is just the start and that those who've taken profits (including me) will regret not having held on longer.... although I have added back warrants to replace the shares I sold.
I've seen big moves like this before, and sometimes stocks have exploded substantially, going even higher....other times I've seen big pull backs after gains like we've seen the past couple days.
Fun and interesting times in any case....it sure beats the long stretches we've seen of incredibly light trading and only moderate price moves.