GREY:GUYFF - Post by User
Comment by
eebleron Nov 18, 2010 2:13pm
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Post# 17725770
RE: C'mon Management
RE: C'mon ManagementWho was the rumoured buyer? There was lots of speculation about acquisitions back when Goldcorp bought Andean, and GUY was identified as one of the most prospective due to g/t and size. Since then, it seems to have risen primarily on sentiment and the rise in the POG. Like the frenzy surrounding the sp rise in stocks like OSK and DGC, which are also non-producers an included as possible named targets, it was probably simply a matter of time before sentiment turned and profit-taking took over. Lots of other non-producers have taken big haircuts recently, so this is actually a good point to follow the adage of "add on dips". I was in GUY back at 6.50 and bailed at 9.00 so I am very happy to be able to re-enter where I left off, and wiser to the possible upside.
eebler