TSX:SGR.UN - Post by User
Post by
TedOwenson May 29, 2013 4:25pm
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Pullback after profit taking run
Pullback after profit taking run Voume and price pullback combo in effect after profit taking run as was predicted. As for Wildcat, the latest results back from SGR are not impressive and appear to be responsible in part to the pullback. Lots of headroom still available for this play over the coming year but all profit taking opportunities that come by way of price increases will be taken advantage of first which will constrain the price curve untill all institutional lossess are recovered. Like it has been said many time before, retial investors dont stand a chance on this play over the big guys for quite a while yet. Yes in the long run the stock will reboud big time and 15 to 20 bucks will not be out of the question but is a distant future opportunity at best.