GREY:WFEMF - Post by User
Comment by
ark88on May 22, 2013 9:31am
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Post# 21425675
RE: THE update
RE: THE update The trading activity yesterday was very telling. The selling was effectively was over by early afternoon and even the selling in the morning did not appear to me like "capitulation". The volume was not there indicating that it was mostly retailers bailing.
I had thought that we would see a stronger upswing in the SP at the end of the day, nonetheless, we did finish near the high of the day. We'll have wait and see how the week ends, but I still contend that we may end up closer to 0.16-0.17.
The next 4-6 weeks will be key as that's how I read the latest NR regarding the financing. Let's see how "committed" Dundee is in supporting the SP prior to the financing.
GLTA