GREY:JNRRF - Post by User
Comment by
st0ckpickeron Oct 29, 2004 11:59am
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Post# 8110006
RE: Time and sales
RE: Time and salesThanks Megphi. Actually knowing it was you is meaningful. The odd lotters are killing these stocks right now and we need to see strong hands move in. Be that an institution (I would expect to see the buys more in the 50K-100K minimum for them) or the fundamental retail investors, it really doesn't matter we just need to know that the smart money is seeing value (demonstrated in IUC yesterday) and that leads to some volume buying.
This does seem silly cheap to me as well but I won't discount a continued move down yet. I would like to buy some more around the bottom but will have to see if the price action allows.