TSXV:BTI.H - Post by User
Comment by
Sinbobon May 18, 2012 12:14pm
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Post# 19925841
RE: Sellers
RE: Sellers The sellers know this....it is not-for-profit selling in my opinion...pick your own reasons. OR, it is part of the latest round of fund liquidation seen in other sectors whereby there have been large redemptions forciing funds too cover losses. However, the volume is so small that I hardly suspect that. Wait a minute! It's small retailers selling to buy into facebook! That's it! Other guesses are equally welcomed.
Side note to show how ridiculous the markets are...Facebook is below 900 other companiies trading in the US with respect to income...and in the top 10 re capitalization as of now. Bono just became a billionare because he owns over 2% of Facebook...of course he holds other investments, like Irish real estate. How many of us actually read the ads on Facebook?
I like our chances with BTI...I hold no fantasies of ever becoming a rock star. Some of you may be young and talented enough to still have them.