OTCPK:ARNBF - Post by User
Post by
hardeeharon Apr 27, 2012 12:01pm
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Post# 19844212
Can't say I didn't see this coming...
Can't say I didn't see this coming... 'The trend is your friend'.
Last checked Arcan was down 44 cents (~10%), while Whitecap resources (v.wcp) is up 44 cents - over 5%. I wonder what the story is with them?
I thought Arcan's report was not as bad as the market's reaction. Actually I viewed it as quite positive.
Based on the analyst's bullish reviews, I have to believe we are close to the bottom and I'm tempted to add to my position, but instead will follow Arcan's lead and take a more 'prudent' approach to see what shakes out in the coming weeks.