GREY:BFDRF - Post by User
Comment by
hedgefudgeon Apr 05, 2017 11:04pm
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Post# 26083801
RE:Hedgefund, I'd like to counter your bias,
RE:Hedgefund, I'd like to counter your bias, I generally agree with you. I'd add that the French election is another big marcofactor for POG and the macro market. Yes, the polls says that Le Pen will lose in the 2nd round - the last one i saw she had about 35% chance of winning. However, the exact same thing were said about Brexit and Trump, so i think polling has lost a lot of credence. If you watch Berman's call on BNN he pointed out that the S&P drifted to the downside as both brexit and the US election approached, and he's in the camp that the same thing will happen with the 2nd round of the French election on May 9th(i think thats the date).
From the technical standpoint, again i agree pretty much with most of those points. Well over 10 mill shares have been bought up over the 20 cent level and I think any weakness to the mid 20's will be bought up quickly - today about 80% of the volume was in the 30's. I've been in since 8.5 cents and have added and reduced my position along the way. I will be adding if we get to that 24/25 level. If we get to the high 30's by friday, i will definitely take some profits - that is just how i trade and invest. I've learned the hard way of not taking a gain after a doubling or tripling my money in a short period of time.
Right now I've been in and out of BTR and was long time holder of OSK (back to the Ryan days), but sold those shares at around 5 thinking it was a little too expensive - was wrong lol! I've bought some OSK warrants though and will hold onto those as a consolation.
-hedge