GREY:OLEPF - Post by User
Post by
Riffdocon Jan 12, 2012 10:00am
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Post# 19395746
Why sell now?
Why sell now? With so much volume the last few days which portends a B/O soon we hope-my question is why would anyone want to sell now? I could see tax selling at years end but not now. Maybe folks might be doing the old sell now and wait 30 days and buy OLE back at a lesser price but with a B/O looming who would take that chance? Is there a chance people think the B/O would be less than $1.10 and so they sold? That seems very remote based on the ounces - Many of us still feel based on the projection of ounces that $4-$5 is still very possible. But the truth is we don't really know do we? Chet historically has always surprised on the upside so I am hopeful that this trend will continue here regardless of all the criticism on this board over the years about lack of communication-me included. Maybe folks who bought at pennies on the dollar are cashing in with an assured profit. Maybe people just need their money. Who knows?
But maybe some of you can enlighten me -Why would anyone sell now at the llth hour?
Riffdoc