GREY:PWCRF - Post by User
Comment by
wildman4on Jun 09, 2011 9:56pm
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Post# 18696752
RE: The smart money is waiting
RE: The smart money is waitingWhy would you be a buyer on the 27th when they trade freely just before that?
It takes more than one day for all the sellers to show up with their shares on the market. It can usually take a week to two weeks for the flush out.
People like to think they'll get a higher price and don't recognize the additional supply dynamic.
Here are my thoughts on it:
The market is a wacky thing. I tried to buy this at 1.08, and then I read a poster who talked about the maturing PP and I took a hit here. Lost 10 percent. I tried buying again at 85 and had to sell that too. Now it is this unbelievably ridiculous low price. I mean this is phenomenal how much this has dropped. However, with that said, the next PP maturing means additional supply and you would have to think that no one is going to step in here either.
This should be the buying opp of a lifetime, but it still isn't considering the supply coming on market.
One day soon though when this supply gets sold into long holders hands this goes back up to 1.75.