RE:Ten is the newOften times for extreme undervalued stocks, the market wants people to throw their hands up in frustration and sell. Only after they have given up will the share price rise lol.
It goes up when people post that they have sold all their shares.
Even if the higher gold price doesn't help the share price, it certainly helps the company finances and gives them more cash for buybacks. Forget about the day to day movement and think what will happen at the end of the year 2017. If gold averages $1200 and GCM buys back a lot of debs, I would be shocked if the share price isn't significantly higher at the end of the year. As shocked as the market seeing Trump actually doing what he said he would do.
MrBigger wrote: ten and a half.
When will nine and a half become the new ten??
Higher gold does not help??? WTF!!