GREY:LFDEF - Post by User
Comment by
Wsaks00on Jul 28, 2015 1:55pm
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Post# 23968129
RE:RE:am i missing something? - why the climb?
RE:RE:am i missing something? - why the climb?With the price at $5.00 ($4.99) moving to $3.00 (2.98), a swing of +/- $1.00 from where major players have valued the business ($4.00 from Raymond James) seems like a normal 25% overvalued/ undervalued type of price movement for a small cap stock with low volume. I agree it has been tough to stomach but I do not see this downtrend as long term. Too much pontential for this company. These last 2 days, $3.23 to $3.00 and back, looks to me like a shakeout. Moderate increase in volume on the bounce at $3.00 I'm thinking we are strengthening a support line here. I don't see this going lower, and if it does, I will buy more.
Cheers
-W