Destiny Media Tech Inc (DSNY): The nanocap markets are never efficient....

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Destiny Media Tech Inc (DSNY)

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Wednesday, 11/14/2012 1:30:37 PM

Wednesday, November 14, 2012 1:30:37 PM

The nanocap markets are never efficient..they are either way overvalued or extremely undervalued. The reason? They are dominated by retail investors.

Big money stabilizes a share price to a point where it reflects it's true value. Big money is a constant bidder for shares because it can take weeks to get their position without disturbing price too much. We aren't there by a long shot.

DSNY is a Canadian company, trading under $1 with a market cap under $100m. One or all of those conditions keep institutions from buying shares in DSNY.

It wouldnt surprise me that some institutions might bend their buying rules if/when DSNY launches the next generation G2.

The author of How To Find Big Stocks and publisher of the How To Find Big Stocks Newsletter

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