GREY:FNTRF - Post by User
Comment by
botfedon Apr 27, 2010 11:09am
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Post# 17035053
RE: one thousand shares
RE: one thousand sharesThe lassitude is better than it seems. No-one may be buying right now, largely because of the absence of news, but no-one is selling out of disappointment anymore. On pullbacks, low volume combined with sideways movement often indicates that the downturn has run its course.
Myself, I bought some more shares last week when it stopped falling, for substantially the above reasons. I have a small loss on those shares, but I'm holding on.
BTW: It's normal to feel some insecurity when going in after a large pullback. As long as the thing has leveled, no news is an adequate substitute for good news. The good news will come later.