Comment by
Mick16 on May 16, 2012 9:39am
This pattern will continue until all the weak retails are shaken out, if everybody was unwilling to sell then we'd be laughing. Of course we also need a major reversal in the POG direction to help give us a push start.
Comment by
VentureTrader1 on May 16, 2012 9:46am
No, we're getting a change today - straight down from the open.
Comment by
VentureTrader1 on May 16, 2012 9:48am
The downside of 55% institutional ownership is that a large holder can sell 1m+ shares and still have a big position. In that situation, doesn't matter whether retail sells or not, the price is going down because of lack of buying. We're dead as long as the sector's getting sold, regardless of fundamentals.
Comment by
explorer14 on May 16, 2012 10:22am
Like I said yesterday POG on a one year chart has reached its support We are due for somekind of a rebound but I could be wrong Kitco is saying that we're at a 10 months low Don't forget if POG is closing up today it doesn't mean VTR will be positive VTR is most of the time never following the trend when POG is up