GREY:SXRZF - Post by User
Post by
tillbillyon Feb 11, 2011 5:10pm
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Post# 18119980
Facts r Facts
Facts r FactsTrend is as obvious as v-rods confusion. Sold my 6.65's this morning for 6.42. Re-bought for 6.24 (plus more shares). I know better than catch a falling knife but got stitch's just the same.
S/P closed at today's low(6.15)...thats never good. God help us if the TSX get's tired of bouncing it's head on the altitude it's at and drops 400 points on Monday...think it can't happen?
I don't profess to know why this good company is getting a haircut...I only know that it is. U-price is up and still trending up yet the only thing keeping LouE from his 5.50's are the guy's who shorted at 7 and are covering here, they are selling their covered buys as quick as they can and the upticks don't hold. Big shot buyers like v-rod can't move this up with their massive 5000 share devil may care buy's.
If she breaks below 6 she will see 5.75 for sure as the shorters will pile on with the hope of averaging there wrong-side positions. I'll bow out 1/2 at 6.00 , re-buy with LouE, Facts R facts...when your wrong your wrong.