GREY:SXRZF - Post by User
Comment by
Ubervakon Jun 22, 2009 5:03pm
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Post# 16089720
RE: Got a sneaking suspicion....
RE: Got a sneaking suspicion....
Sure the market gained a bunch since its bottom, but look how far each stock has dropped from before everything started to crash.. 40% may seem like a big number to climb, but 40% from the bottom isnt much considering to get back to the same levels pre-crash we'd need to go up something like 600%.
I think a market pullback /correction already has happened. I mean this past week or two has been horrid. The TSX is down 10% in 5 business days, thats a pretty big pullback if you ask me.
This market is all about emotion right now, and no one can predict what will happen next. I just hope for my own sake that it doesnt keep sliding, this last week has killed most all my profits that took a good 2 months to aquire lol.
UUU is a strong stock, it wont pull back must more - it was already beaten down before this market downward trend.