PINL:VLTAF - Post by User
Comment by
gold_diggers1on May 09, 2012 10:50am
116 Views
Post# 19889373
RE: stop losses feeding upon itself
RE: stop losses feeding upon itself ALLEN4 - "seems to me this is just pure technical trading stop losses being triggered without any regard to value. Maybe we will trade for less than our cash in the bank; bring it on, I will double my position"
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wow, you do realize that VTR will have to be trading below 30 cents to be less than VTR's cash in the bank, don't you? Could that happen?
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KGN is holding well against the sell-off since it has $200mil in the bank... KGN is trading near their cash in the bank. If htis were to happen with VTR, the VTR will have to trade at $.30?! I just cannot imagine that will happen.... VTR at 30 cents a piece.
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GLTA