TSXV:VER.H - Post by User
Post by
possessed2on May 16, 2008 9:41pm
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Overreaction??
Overreaction??In this market bad news is punished severely and no different here. Actually the guidance wasn't bad enough to cause such a big drop but a loss is a loss, especially with so many other places to put money that are growing by 10-15% rather than dropping by that much in one day. IF management can deliver the results quoted in the news release this should be okay long term, question is when to increase position. I wouldn't think the downside is too much from here but how long do you sit with dead money considering the alternatives. Wouldn't be a surprise to see 10-20% up from here by year end. looking forward to next year and better numbers. Is that enough?? We will see....