GREY:VFGGF - Post by User
Post by
bankerboy28on May 30, 2013 3:10pm
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Post# 21462528
Crickets chirping today and Bees buzzing
Crickets chirping today and Bees buzzing yesterday....pretty quiet on the board today compared to yesterdays frenzy ...alot of panic sellers yesterday are now wondering why they sold low and bought high....looks like volume is back to normal and the price is steady to upwards...looks like we will have three phases...1. yesterdays selling mostly by instituions and buying by instituions..2..retail investors that bought low yesterday are probably traders looking for a quick 15 % and get out and that will impede the price movement temporarily as they get back out...3...price will stabilize at a more reasonable valuation based on fundamentals...
Some of the naysayers yesterday are the day traders that make their 15% couple day trade and will move on likely to go chase another stock and lose that gain....trading is generally not that effective...the only one that wins is the discount brokerage charging trading fees...most traders will always tell you about the 50% gain they made but rarely tell you that they lost 75% the follow week on another pick....
At todays prices..in my opinion its PRY is a mispriced asset...it should be much higher..I think its just a matter of time...BB28