GREY:NUSMF - Post by User
Post by
carlosblon Mar 20, 2008 10:43am
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Post# 14753536
2.20s
2.20sI've gotten some fills this morning in the low 2.20s, these prices are ridiculous.
Panics like these, when the baby gets thrown out with the bathwater, are when great fortunes are made. Several stocks trading below cash value like Nautilus or at a 50% discount to NAV like AAB. I also think the level of fear in the general markets are marking a decent bottom. The only fly in the ointment is the gold price which was very stretched and could correct back to the 200 day MA at 850 or so, but from the gold/xau ratio it looks like the resource stocks might have already discounted that, that ratio has been a great buy signal and it traded this morning at a panic level similar to the August bottom.