TSX:SGR.UN - Post by User
Comment by
Canonballon Jun 27, 2012 4:03pm
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Post# 20061173
RE: New 52 Week Low
RE: New 52 Week Low bonjovi501...I am not in your shoes -so I won't tell you what should do.. I got stopped out at 1.02 so my small loss was easy to take... I have made money on SGR in the past so ...it all evens out.
The over all market place is trading with such thin volumes (before holidays) people like Pruneface and others can beat a stock up very easily and with limited risk. Especially when the over all market and MSM are all suggesting financial Armageddon.
A financial Armageddon could and will likely happen by the summers end... because there really isn't a happy ending for Europe. Will stocks here get beat up - oh yes - fear will drive all stocks to lows we haven't seen since the 1990's ...now what do you do (1) sell lock in a loss (big or small) or (2) wait this all out (because this coming low in the markets will all pass) - if you can afford too...no easy decision.
The shorters like Prune are talking their book (they believe this will help their cause - they have no more insight then anyone else) the longs are talking their book for the same reason. The force of fear is usually more successful short term but eventually stocks get to what I call idiotic price levels...SGR is getting very near this level.
So stop buying for the time being sit on what you have let the over all market tell you when the smoke has cleared and then get back in ...to add to your position - thin volumes and holidays ( this time of year) make it very hard to really see real value - just my thoughts.
Cheers