GREY:FGBDF - Post by User
Post by
banxon May 08, 2017 11:29pm
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A MICROCOSM OF A BIG TOP
A MICROCOSM OF A BIG TOPThis bullboard has become a circus.
Fortunately, I've always enjoyed going to the circus.
I don't really care about SHORTING pundits making gap fill calls as it suits their agenda.
The CHEAP PP from December coming off restriction and the late filed debt conversion from last year and last but certainly not least a prolonged, dedicated short attack has resulted in a heavily retraced and anemic stock price.
For interval traders that bought significantly higher, these are anxious days.
For lesser experienced investors, the falling share price may be calamitous and capitulation becomes a final solution.
For the devil may care, they'll sail through the storm.
For long term investors like me that see looming fundamentals coming into play, we sit and wait or go in deeper.
For THE SHORTERS, they have to ultimately pick a reasonable number and start covering.
These are certainly interesting days but we are closer than ever to a rebound.....