GREY:FNTRF - Post by User
Post by
timetoliveon Oct 01, 2010 11:57am
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Post# 17517828
Joe Dwek + my thoughts
Joe Dwek + my thoughtsDwek dumped another 50,000 shares this week, bringing their total dump for the month to 150,000 shares. I'm not sure how to read in to this, but it's definitely not good. Maybe they are taking some money off the table for a better pay, but it sure looks bad when an insider does this.
With that being said. I think we are a little bit overbought right now. Might see a bit of sell off going in to the weekend, but then some big buying on Tuesday (since news is likely to come out Wednesday). I'm curious to see how the market will react to the next drill results.
All in all, I am happy with how this thing has trended up this week. We have had a positive day every day since Tuesday and what's even better is that it happened long before news was coming out, so I think some trust is back for this company. With that being said, now is the time the company needs to release stellar results and if so, I think we are going to 75+ cents.