GREY:BNKPF - Post by User
Comment by
tinman8on Feb 05, 2011 1:14pm
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Post# 18081552
RE: RE: RE: Seems to be a bit on the decline
RE: RE: RE: Seems to be a bit on the declineAgreed rozelli - I think we are on the same page as I reduced my holding by 25% at $5.29 in anticipation of the market needing to absorb the recent sharp rise and for a period of consolidation.
From my perspective I feel it would be very risky to become too short on the stock for the reason you give - a possible buyout - or indeed a very bullish news announcement from the company, which could come at any time.
I am looking for the right moment to buy back my original 25% reduction and quite possibly a further 25% purchase on top of that - that would increase my holding still further.
GLA