GREY:POSRF - Post by User
Comment by
shiva1968on Jan 24, 2011 10:59am
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Post# 18016954
RE: why the big pull back ?
RE: why the big pull back ?Yes, the action has been most disappointing. A profit taking opportunity missed on the spike. On a positive note, I'm calling for a bottom here around these levels ($1.75). This is an area of strong support and we are arriving here at a deeply oversold level. The decline has also been on light volume and I expect an upside reversal in the metals soon. Dumb money is dumping surely to regret their stupid decision to sell at these levels in the coming weeks, months. This appears to be a good time to take or add to positions IMHO.
~Shiva