GREY:ARGEF - Post by User
Post by
juanito1on Apr 01, 2012 8:15am
377 Views
Post# 19744579
over bought
over bought Dudes,
Stocks can remain for many months in an ovebought territory...The main reason for this is when retail shareholders believe they have made a nice profit and exit and the institutional money comes in. The institutions are not in for the short haul..especially deep pocketed institutions. These funds will give the company 4 or 5 million for their first plant and then once proven..they will give the company $25 million for their complete build out. This can stay overbought right through the summer imho.