GREY:SXRZF - Post by User
Comment by
LouEon Oct 02, 2012 5:44pm
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Post# 20439833
RE: One more bad new.....
RE: One more bad new..... selling inventory at 52 bucks in the previous quarter looks like the winning bet. Holding for later sales at higher prices didn't happen. I expect 45 bucks a pound, and a missed earnings report along with it. We saw 2.05 the day before earnings last time......it breaks 2.00 next time around. (spot has dropped from 52 to 46.5...45 isn't too far off when inventory gets dumped.) I still see armz buying up shares cheap .. sub 2 bucks in december....that is the winning buy for them, why pay more if your buying hoards. The price can rise after armz has what they want.
An irrational pop should materialize somewhere, just like last time, tied to earnings either side of it.....that would be the sell op. hope for 2.60, then short it back to the reality of december.