PINL:HLOSF - Post by User
Comment by
Camaronion Jan 25, 2011 11:33am
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Post# 18022809
RE: RE: crash in days
RE: RE: crash in days
Book value of .94/shr as per StockHouse data and only $866.00 in shrs sold today with institutional buyers holding firm does not constitute a crash in shr price to me. Probably some profit taking by retail investors who bought at .20/shr.
Chances are the Institutional investors know far more than 25cents (two-bits) ever could. IMHO this a correction and with news we will start upward again and perhaps start to approach book value at least. Right now holding shrs at less than 50% of book is not a bad position to be in.