GREY:BIXZF - Post by User
Comment by
brnt999on Jan 25, 2010 5:51pm
280 Views
Post# 16717142
RE: The big boys on the big board have spoken
RE: The big boys on the big board have spokenI think we have to put things in perspective.
One week ago the SP closed at 2.11. For the previous couple of weeks it had been trading in a range from 2.03 to 2.15. The SP rallyed on the news of the TSX listing last Tuesday, Wednesday, and Thursday up to 2.35 at the close on Thursday.
It may be a case of buy on the rumor and sell on the news.
Maybe the hope of a boost to the share price with the TSX listing was unfounded--it was a pipe dream. Really, 99% of investors can buy on the Venture exchange just as easily as they can buy on the TSX.
There was a hope that there were funds that couldnt own stocks on the Venture Exchange that would jump on the stock once the change was made. It didnt happen.Maybe the hope was unfounded.
So one week ago it closed at 2.11 and today it closed at 2.19. Not bad appreciation for a week.
Personally it doesnt faze me one bit.
Over the next few months we will get news reports on protein production, possible movement on the toasted meal joint ventures, news on the new plant etc. I will wager anyone that the SP will pop .50 at least on news of protein production.
I dont think anyone should make too much of share price movement over 2 days. Give it a week and we can talk about it again. The story is the same as when I first bought shares at .55 and and when I bought shares recently at 2.22. This company is a winner thats going to make me a wack of money ( it already has)