GREY:LGLTF - Post by User
Comment by
britishcinnamonon Jul 12, 2014 1:17pm
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Post# 22739453
RE:The bitter, basher, brigade
RE:The bitter, basher, brigade On the topic of bottoms and 52 week lows, I hardly see this as a bad thing. We all know that LOY is one of the rare companies on the TSX-V that actually makes money and is in no need of stock dilution. Many other companies are trading at 50X multiples right now (those that are winning).
I refrained from buying last week into weakness because I see a possible event in the coming week. The American banks are rolling out their earnings and they should be poor. I see a potential retreat in equities. As a big supporter of LOY, I am realisitic enough to see that a short-term 45 cents order may fill next week if the stock market disappoints.
Maybe the bashers will come and claim that negative sentiments are directed toward LOY because yelling nonsense occasionally works. However, as pointed out, 2014 has been a bad year for most small caps. If you truly want to buy more cheap shares (as a basher/pumper/non-partisan), then there are many opportunities now. LOY is only going to get stronger and stronger as it digests the acquisitions more and more.