SPRC - Medium Conviction Underrated Nano Cap Play

Nano cap play here smaller amount. This company has a NAV of 3x their market cap. The volume on this looks super bullish and manipulated. There have been number of EPs on big news, yet the price keeps dropping on no volume. Appears to me someone is trying to load up here. The price has dropped 40% since this information on no volume:

seekingalpha.co...acquire-automax?hasComeFro...

This is a cannabinoids company so the cannabis tailwinds can affect this too. Possibly huge upside here. I will hold and wait for this pump.

Yorum:

Just noting, while i feel good about this one, I have nowhere near the conviction with this one as I do the others, so I guess a low conviction was more appropriate here. We'll see. It's a tiny flyer i'm taking.

İşlem kapandı: durdurma seviyesi:

Cut my losses here at $1.24. -9.5% loss on a small play, which is generally the max the experts recommend to lose before cutting. Will keep an eye on this stock going forward and see if starts to form more of a rounding bottom and maybe can make another entry at another time.