GREY:FNKLF - Post by User
Comment by
HDP18on Aug 15, 2007 11:40am
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Post# 13248565
RE: Too much useless nonsense posted
RE: Too much useless nonsense postedYou are missing one very important point. Its the institutions that move the stock price. Not one broker. You are taking things here too personally. I conceed that often enough the big houses and mid-tiers Cannacrap, Octowrong Capital, etc, move a stock to a price point or range (and keep it there) to execute a private placement which they are part of to make their $$$, or they try to promote an underwritten security or bought deal that they paid 20cents for as a super strong buy when the stock is at .80cents with an 18month target of $4. The world of the junior is full of wild optimist and dreams. As far as FNI...the whole sector right now is getting killed, you also are likely having had people selling stock against the warrants to crystalize the gain before the Sep expiry deadline. Whatever way you slice it, FNI is a junior that produces, but is at the mercy of base metal prices and cost of production. They are in decent enough area to hit big metal pockets, but too often do you see company management and the firms that help underwrite them sell you a story for $1.80 when the reality is worth more like .95cents