GREY:ARGEF - Post by User
Post by
juanito1on Dec 30, 2014 12:12pm
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Post# 23272237
Something to Chew On other than Turkey
Something to Chew On other than TurkeyThe cheapest small stocks ever become is during what they call Tax Loss Selling. I call it Embarrassment selling. This is when Portfolio managers get rid of the stocks in their portfolios that have happened not to do well. The reason they do this is so when the Year end data on their portfolios are printed to market for the next year...they do not show a stock that they have bet on down 40% or more on their books. aka they would look like losers to prospective clients and their bosses. Thus..Embarrassment selling... Now lets take a look at Argex: Most of their marketing to fund managers in 2014 focused on the USA. These funds have up until December 31st to get the stock off their books...while Canadian fund managers already needed to sell them by Dec 26th. I think more US fund managers have put pressure on the shares in the last few days... The end is near: they have $10 Million in the bank, they have delivered on all things except the timing of the financing...which has been explained as due diligence has been on going.... Simply...if you can't trust them to pull it off...bail....I personally think they have a tiger by the Tail....and they are about to let go of the Tail...Happy new Year to All