soxman .. any thoughts why SP goes down as news gets better?soxman
some others on this board like ss_mikey have posted the following
How cheap can we "LUC" go
RBC has a consensus earnings estimate for Q4 at 10 cents per share. That means LUC is expected finish 2014 with 32 cents per share in earnings.
At 32 cents per share and a 2$ share price our p/e ratio will be 6.25.
Soooooo soxman .... who has an interest in crashing the stock each time LUC releases positive news ?
1) " Buy on rumor - sell on news" hoards?
2) Another DIamond competitor who wants to limit Lucara
3) Buy-out company that wants to buy-out shares of Lucara at a super sweet price
4) SHORT PLAYERS that love this "Groundhog Movie routine" with the SP
5) Others - Please explain
Thanks
greywoof