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Orbite Technologies Inc EORBF

Metals & Mining Aluminum Industrial Metals & Minerals
Orbite Technologies Inc is a Canada-based mineral-processing and resource development company. The firm is organised into the following segments; Specialty Products, Waste Monetization and Commodity Minerals. It produces alumina, silica, hematite, magnesium oxide, titanium oxide, smelter-grade alumina, rare earth oxides and rare metal oxides. The operation plant is based in Canada.


GREY:EORBF - Post by User

Orbite Technologies Inc
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Comment by Fnordon Feb 16, 2012 7:36pm
397 Views
Post# 19546601

RE: RE: RE: Disapointed

RE: RE: RE: Disapointed

I have to agree with you Matthew.  I actualy let myself get stopped out of a large part of my position today, not because I believe there are fundamental problems with the company, but because I don't consider myself to be smarter than the markets and I have to manage my risk.

 

I was watching the tape closely today and I have to say that was a very well orchestrated take-down by the hedgies.  Two big dumps on weakness, starting with the one at 12:00.  They even sent some lackies over to the message board to try to chase the rest of the herd off the cliff.  I hate selling in such circumstances, but I had already determined where my stop was going to be and I've learned that I have to be disciplined about these things and not rationalize.

 

Still long some shares, but keeping one foot on the sidelines until the dust settles on this one.   

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