TSXV:PEC.H - Post by User
Comment by
tcbmillon Aug 14, 2012 6:05am
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Post# 20213893
RE: RE: RE: Soros fund is the one who do the selli
RE: RE: RE: Soros fund is the one who do the selli My thoughts too.Soros,one of the most successful investor/financiers the world has ever seen is jumping ship after a 90 % haircut and just prior to potentailly blockbuster drill results?I think i read he had 29m shares,some of which were at a financing at about $1.So his 29M shares dumped at .08 +/- is $2.4M.Whoopdy sh*t.Did he need it to buy a new car?It's pocket change.I don't offer an expalnation and maybe it's all accurate but it just seems highly improbable to me.Tax losses?One entity selling while another buys?Who knows.
As I type this the movie"Chasing(Bernie obviously) Madoff" is on the movie channel.It's an unbelieveable tale that anyone involved in investing should probably see and really makes me think that life is really stranger than fiction and that the world of high finance is one in which we should really question the motives of the players.
I own some PEC(at a higher price)so I hope it goes parabolic but I find this whole Soros thesis a bit hard to swallow.Things are never as simple as they appear,especailly when there is a lot of (potential) money involved.