GREY:BIXZF - Post by User
Post by
Atheenaon Dec 04, 2011 11:03am
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Post# 19290289
you might want to look at Peter L's purchases
you might want to look at Peter L's purchasesIf you look at his history of purchases he is MOST definately averaging down right now. He was buying BIG over a buck and right now if my calculations are correct has an average price of around .77 cents for over a million shares. Not a good thing when the SP is trading at 11.5 cents.
However, the more good money after bad is usually not the case with impending bankruptcy right? So that is good news in and of itself. My only concern right now is the bottom...where is it? We are a few weeks away from tax loss selling season and then the major pressure will be off. Until then, I don't we've seen a bottom yet.
Jan, Feb and March IMO will bring a much more appropriate SP valuation.
Atheena