TSX:SGR.UN - Post by User
Comment by
TedOwenson Dec 04, 2013 3:57pm
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Post# 21970543
RE:RE:RE:RE:Prune,you know as well as I do...
RE:RE:RE:RE:Prune,you know as well as I do...Eric Sprott would be no idiot by any means but his predictions as of late are not in keeping with reversing market directions. Sprott is an institutional investor power and he is looking at this play over the long term in which the bigger player can take advantage of during low prices. When you can invest big bucks even small moves makes reasonable gains. In a sense, players like Sprott are the only ones who can actually make any money on a company which is at right now, fledgling category and such investment by bigger players can actually signal predatory intent which may further signal take-over initiatives down the road. Retail investors have bigger problem actually when events like this unfold.