GREY:AMERF - Post by User
Comment by
deeton Oct 28, 2010 11:35am
229 Views
Post# 17624231
RE: Trading
RE: Tradingok2buy...It has just happened here. We witnessed total capitulation and slid relentlessly from the 20-cent range to where we are now...and it all happened within 3 trading sessions. The lambasting started as soon as the company relased its drill results on Thursday, October 7th.
We've got very low volume.... so yea....if some doughhead wants out at any price you'll have what we just experienced. We are at rock bottom however...back to square one. The damage is done. Who really cares if somebody drives this price down another couple of pennies?? We can only fall another 8 cents now.
This tragic situation we now find ourselves in can be reversed very quickly however... if somebody with deep pockets wants to get it at any price..and that can only happen if we hear something great from our president. There aren't many folks willing to part with their shares for under 20 cents.