GREY:BYVVF - Post by User
Post by
Weiner01on Sep 30, 2010 1:46pm
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Post# 17513006
TUFF
TUFFMan, this is the position of trading that I dont like. I have been holding BYV since the last NR. Waited for the pullback to $1.13 though. The frigging frustrating part here is I would like to get some liquidity and get in on another play, however, just never know when news will be released here.
Just seems to me they have been sitting on news for a while. Not sure why to sit on it. just announce it, increase the price of the pp, or issue another one at a higher price. If results are good, release them, buyout sounds imminent, why not get the price up sooner rather than later so that the 30 - 60 day average is higher for a buyout offer.
It is frustrating and intuition says sell, but the gambler say hold and wait for what must be great news. I mean how can they not have great news. They have a great land position and have already got some great results.
Ahhhh, just bitchin here, guess it serves no purpose.