TSXV:SLX.P - Post by User
Post by
Richie21on Dec 31, 2010 9:07am
410 Views
Post# 17910240
Yesterday's Action
Yesterday's ActionThursday it looks to me that over a Million shares were simply put out at the market starting right after the opening. After doing some checking, I think it came out of Fidelity in the States.
1. We were able to "digest" the market order with only a 5 cent drop
2. I called a few people and told them this was a chance to get in under a dollar as we traded as high as 1.14 in the States on Boxing day.
3. Please keep in mind that there are a great number of upset Genco shareholders out there ( it was as high as $5 ) who are looking to take a year end loss. You can sell in the States until the last day and take the loss as far as I know.
4. Much of Europe is closed today as far as I can tell and I do not expect a lot of buying from that end today unless orders were left in.
5. I gave a prediction of $1 by the end of 2010 a few months ago and I hit my target plus a few cents. Now I will give you $1.50+ by March 15th.
6. We have been in the top 10 stocks for trading vol. and other catagories for the entire month of December. Yesterday 3 million shares went into stronger hands. We may have to eat more old Genco stock - we will do that and come out on the other end a better company.
7. Lots more happening. I have been on this board for a year and never stopped telling people that this stock is a great long term hold and I continue to feel that way. I expect a great deal of news in the new year for us. Hang in and hold on for the next ride up. Any stock under a dollar is a buy in my opinion.
Richie