GREY:PGDIF - Post by User
Comment by
Durkastanon Nov 16, 2010 12:00pm
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Post# 17713031
RE: drop today?
RE: drop today?The market is in panic mode. If PGD was the only stock significantly down on my screen, I would probably be worried. But it isn't even close to being alone. I've got 30+ stocks on my watch list that are down around 10% today.
The EU debt crisis is rearing its ugly head again. Also, Republicans are starting to speak out very bluntly about fighting the Fed and QE2 tooth and nail. When QE2 was announced, the dollar took a hit and provided fuel for a commodity boom for assets priced in USD.
Our run to 3 bucks was purely speculation and when the market panics people pull money out of their most spec stocks, especially if they've already made some profits on it.
It sucks to watch of course, but it happens. This is a volatile stock.