Adcore $ADCO.TO TA Potential entry point for Long Position
Adcore has recently announced a bought deal at $1.33. the company needs capital to further grow out its sales division/initiatives in addition to capitalizing their R&D for their adtech.
Bought deals are always tricky beasts, and Adcore is an illiquid stock, besides some serious selling pressure the last two days. I would recommend using a limit buy if you were looking to add and or open a long position in Adcore. I see a potential slide to the $1.26-1.29 range as being possible this week. DCA approach is always something to consider when building a position in microcaps to smooth out volatlity.
This should not be interpreted as an entry for a swing trade, this is not set up for anything like that right now.
Disclosure: I own shares of Adcore but in anticipation of this bought deal, given signals from CEO and recently filed prospectus I moved off most of my position in early June to be able to allow myself the opportunity to capitalize on what I thought could happen wrt to share price and it currently is.
Please do DD and follow your own trading rules.
Bought deals are always tricky beasts, and Adcore is an illiquid stock, besides some serious selling pressure the last two days. I would recommend using a limit buy if you were looking to add and or open a long position in Adcore. I see a potential slide to the $1.26-1.29 range as being possible this week. DCA approach is always something to consider when building a position in microcaps to smooth out volatlity.
This should not be interpreted as an entry for a swing trade, this is not set up for anything like that right now.
Disclosure: I own shares of Adcore but in anticipation of this bought deal, given signals from CEO and recently filed prospectus I moved off most of my position in early June to be able to allow myself the opportunity to capitalize on what I thought could happen wrt to share price and it currently is.
Please do DD and follow your own trading rules.
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