GREY:BYVVF - Post by User
Comment by
cavedudeon Oct 13, 2010 10:26am
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Post# 17558051
RE: Back to $1.10 taday?
RE: Back to $1.10 taday?Hi Investor, we probably won't see 1.10 today. We dipped to .99 as some investors are getting shaken and some are getting bored waiting for news. Currently we are at 1.02 and gathering strength. Could possibly close at 1.05 or .99 - hard to say. This is normal trading fluctuations between NRs and even after getting a great NR we will still see a sell off shortly after. That's why its good to have some of your shares liquid to profit take and ride a portion of your position long. Either way, the fundamentals are strong and nothing has changed since the last NR except for the daily updates pointing to the possibility of more gold being found.
The PP should be said and done tomorrow and we should hear about it same day or Monday the latest. Will that pop the SP? I doubt it as news based on PPs usually don't. However it should at least catch the attention of new investors who follow daily news briefs and the next NR may bring in new money which could pop the SP. These daily fluctuations mean nothing in the long run. Patience is a virgin...or virtue....take your pick.