GREY:FTPLF - Post by User
Comment by
jdn55on Dec 06, 2011 11:03am
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Post# 19295244
RE: Down we go! What is going on?
RE: Down we go! What is going on?Who knows. The was a blurb in the Globe about some fund called Silverhand that exited their position. Other funds with redemption problems could also be an issue. It now looks like just getting into production isn't enough and the market wants to see problem free production with no quality issues and then show me the earnings.
No respect!! That's the story for every junior and mid-cap I own right now.
I was a bit surprised at the short positions Azorean posted. IMO shorting FTP when we have now started production is a very risky proposition. It could get interesting if there were some catalyst to the upside that caused the shorts to cover. I thought going into production would be that catalyst but obviously it's not, at least at this point in time.