GREY:POSRF - Post by User
Comment by
shiva1968on Jan 25, 2011 3:12pm
492 Views
Post# 18024373
RE: this kind of action
RE: this kind of actionThe problem is not with the stock itself, but the weakness in the sector IMO. People are panicking out of their positions as metals prices fall. The sector has been hit hard but it's getting over done. Today we saw a bounce from levels just above the 200 DMA and with any luck, we will close back up at our near the days highs. I honestly don't see much more downside from here.
~Shiva