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.