GREY:FNTRF - Post by User
Comment by
timetoliveon Oct 29, 2010 12:01pm
247 Views
Post# 17630722
RE: News and Quiet
RE: News and QuietTis the way it's been for the last 6 months. We had the 1 run up there to 60 cents and thankfully I bailed out around an average of 55 cents, so I ended up making back everything I lost in this play and actually made some profits too.
It's oversold. This is probably a good level to buy it. If you hold out, you might get it for 29-30 cents, you might not. This play is a dog. Alto Ventures is doing the same thing, not moving an inch. I don't think investors are excited with this project.
They continue to prove it up however, which is great to see. But we are heading in to November and they still have plenty of drill results to release from this last phase. Not good. It's going to take forever to get all of the results out at this rate and I think the market is waiting for the final release and are more curious about what the company plans to do NEXT. I think whatever that is will decide the new support level for this play.
I have no interest getting involved in this play again. It's a dog right now. I thank my lucky stars it ran up when it did, so I could get out of this thing.
Good luck everyone.