GREY:ETRFF - Post by User
Post by
level2upon Nov 18, 2010 9:10pm
405 Views
Post# 17727668
Dundee
DundeeDundee bot 2 million shares at 0.69 2 weeks ago and now they are selling at 0.58? What an incompetent institution. ETR today's close price is sitting at EMA50 (0.62) and above EMA200 (0.58). It could rebound back to 70 cents. But if they sell it breaking down the EMA50 and EMA200 lines, it can go all way down to forties or even thirties cents. Let's see what will happen.
BTW, timber ETF, CUT is rebounding well in the last 2 trading days.