GREY:SXRZF - Post by User
Comment by
LouEon Apr 29, 2011 3:39am
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Post# 18504986
RE: Buy Low
RE: Buy Lowyour public portfolio is a sea of red. not bad for 6 days old....(alt account with many groups and friends..)
yesterday rbc shorted the snot out of uuu with a massive iceberg of selling shares for 4.01. I believe the current drop sub 4 bucks is the final one in the cycle. This makes uuu a buy sub 4 bucks, however the depth of this drop is uncertain at this point. the shorts are counting on bad news for the conference call, and also taking advantage of the typical sell on any news mentality.
timing the bottom is tricky, but if this is the last time for the drop, be sure to buy on the reversal. I believe end of june will be the return to stability. 52 week target 4.50