TSX:ONR.UN - Post by User
Comment by
nijinsky70on Oct 14, 2011 2:16pm
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Post# 19150317
RE: RE: Trading is sleepy, why?
RE: RE: Trading is sleepy, why?Hey retirecf:
"Greed, in the absence of a better word, is good". That's the one line from the movie "Wall Street" that we all remember. I know you're right, retiredcf, the market does not go up in a straight line. I just hope the upward momentum continues.
The next couple of weeks will be interesting. Especially I'm dying to find out on November 1, what price would both new stocks be trading at. It would tell us a lot about how the market preceives Poseidon. If the yield is say about 10%, SP would then be $10.90, then I would be somewhat happy. Knowing the market is saying "show me" on the long term prospect of Poseidon. If anything higher than 10% I would be concerned, say SP at $8 or a yield of 13.5% then I would be worried. The market is often right about this kind of things.
We are all like expecting fathers here, aren't we? Perhaps - "que sera sera" is in order.