GREY:NEVDQ - Post by User
Comment by
Traderfanon Dec 18, 2008 1:21pm
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Post# 15654654
RE: Financing (Traderfan)
RE: Financing (Traderfan)Well I realize that some selling pressure will disappear in the new year. On the other side the copper price could be under 1 dollar a pound up to then so we will get new selling pressure based on this fact. Today alone we are down 5% in copper. Very disappointing.
That's why I don't see any rally in this stock. Based on what? That said if they can somehow get a different favourable financing I will see this different but I just don't believe that to happen.
Of course I agree with you that selling doesn't make sense here.