GREY:CUDBF - Post by User
Comment by
TheGoldenBearon Sep 23, 2014 9:26pm
151 Views
Post# 22964300
RE:?
RE:?Please allow me to pontificate.
I'd like to start by commenting on the market-wide headwinds taking place right now. Many of us know that commodities (and hence the TSX-V) are in a slide right now. There is a whole bunch of economic data comming out and market uncertainty is increasing. That being said, POP has demonstrated strong support in the .55-.60 region, meaning it is standing strong amidst the headwinds. It's a crappy time to have good news, and an even worse time to have bad news.
IMO, POP will move up over the next few weeks as the newsflow of the KMDC deal continues. Who knows, we may even get a spontaneous run-up like we saw mid-august, but I am not expecting it. Eventually, the market willl adjust to the value of this deal. I just don't think traders are in as much of a rush as they were a month ago. Many stocks are experiencing low volume and lame, drifting SPs.
I'm going to hold and won't sell until some serious price appreciation occurs because I haven't found any better opportunities on the TSX-V worth hopping over to.