GREY:BNKPF - Post by User
Comment by
tinman8on Feb 05, 2011 9:16am
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Post# 18080693
RE: Seems to be a bit on the decline
RE: Seems to be a bit on the declineLooking at the chart - we appear to be very near the inflection point.
Yesterday (friday) there was something of a tug of war going on between bids and asks.
The very sharp run up in January was inevitably going to lead to a pullback for a regroup/consolidation at some point - so the last few days decline is not unexpected and is healthy.
The fundamentals have not changed - prospects for surprises on the upside remain IMO.
Just one good news release from the company will see the SP take off again.
GLA