RE:Portfolio Mgrs take 3 days minGoodtoreadthis1 wrote: Few of the 3-4 mil shares traded yesterday were institutional trades. Our earlier 40g/T drill core read out probably put a few insties into our share ownership pool; but with such a speculative stock, each PM probably got very limited approval to buy shares.
This latest read out and WM comments probably have a good many PMs trying to get authorization to buy or buy more. Today they are putting their dog and pony show packages together. Tommorrow they begin pitching management and Friday they may get authorization to buy but only thru the trading desk.
Trading desk traders can play with trades in a way which discourages u and makes it look like u should sell. Don't do it. GBR is a perfect example. It has taken months to achieve price pops; and u can expect that to happen here. GBR is likely a KL type stock as is WM. U will ONLY get really rich if u hold your shares for years not days or months. Trading desks will start whipsawing share prices Friday so ignore daily price action. If u own hold. If u don't own buy and then hold. We have a MONSTER upside from here.
GBR as 39 million outstanding shares, WM has 480 million, big difference..