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Encanto Potash Corp V.EPO.H

Alternate Symbol(s):  ENCTF

Encanto Potash Corp. is a Canada-based exploration and development company that is focused on potash properties in the Province of Saskatchewan. The Company is focused on the development of Muskowekwan First Nation (MFN) reserve lands located approximately 100 kilometers north of Regina, Saskatchewan. The Company's wholly owned subsidiaries include Encanto Resources Ltd and Encanto Trading Corp.


TSXV:EPO.H - Post by User

Bullboard Posts
Comment by Charlie_Chanon Feb 24, 2012 10:52am
366 Views
Post# 19579420

RE: The share price is so low now

RE: The share price is so low now

I disagree that the share price is low now because of " nervous nellies selling their thousand shares or so "

 

I would hazard to guess that of the 1.3 million shares traded so far today that less than 50,000 shares were sold by any retail nervous nelly. Why?

 

Any Retail Mom and Pop (like me) would have to have their head examined for stupidity if they were to sell today based on the hope of future gains in the very near future. Institutions will not buy until the vote is over in order to reduce their risk element.

 

So with no retails wanting to Sell, and no Institutions wanting to Buy, we now have a delightful vacuum that the Boyz can utilise to Go long....then Short  for a day or two and make a little coin for their beer money.

 

The real trading begins on Monday....and I am not holding my breath for a substantial gain immediately after a positive vote (if it is indeed positive). We may have to be patient for the Market to determine a proper valuation for EPO. That unfortunately may take a little time.

Bullboard Posts