GREY:ADEXF - Post by User
Post by
behrhunteron Oct 19, 2010 11:43am
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Post# 17582054
good time to sell
good time to sell
I have done very well on this stock lately. With the volatility there is ample opportunity to sell high and then buy back in lower. Kind of going long but taking profit on the climb. The return from .23 to .74 was fantastic, but to get the same return by holding it would have to go to $3.00 plus. I dont think that is going to happen anytime soon, so picking up trading profits helps.
As it stands the company got effectively diluted by 50% with the JV/take off with the Chinese for about $25 million., as opposed to the origianl shareholders $40 million plus investment. Applying the Gordon formula the stock seems posed for correction significantly downward in the short tem anyway.