GREY:SGGDF - Post by User
Comment by
markvrdon Sep 14, 2009 2:07pm
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Post# 16303989
RE: RE: RE: Hard to hang on to this stock
RE: RE: RE: Hard to hang on to this stockTo the point about being would up tighter and tighter, implying some impending explosion in SP, I don't think that's the case right now. The stock is iterating between a fairly fixed top and bottom and has been trading this way a long time. Geological results thus far are inconclusive on all fronts/properties so it's being traded back and forth. Some very exceptional results by either SGX or KXL (like those 2 years ago by KXL) could move the stock drammatically. However, mediocre or inconclusive news (like more high grade grad samples), will not result in lasting gains IMO. There are just way to many people trading it around and around between the low and high end of a narrow range.