GREY:BNKPF - Post by User
Post by
tinman8on May 06, 2010 10:58am
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Post# 17069243
SHORT SELLING MANY JUNIORS -
SHORT SELLING MANY JUNIORS -The last couple days has seen a concerted short selling effort
IMO - this is an attempt by the 'smart money' to get 'IN' before a flow of positive updates and Q1 results from juniors like BKX.
Personally I added to my position close to the bottom yesterday.
While the PP at $2.85 is apparently not a support level - it nevertheless represents a level that savvy financial backers are comfortable with - and expect to see gains from. Ergo - I see the recent decline as relatively short lived and an excellent buying opp. I will very surprised if the SP isnt back up close to $3 pretty soon.
GLA