GREY:ROAOF - Post by User
Comment by
Kel2on Dec 08, 2005 9:35am
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Post# 9987399
RE: 19 MIL to Canacrap..... share price going
RE: 19 MIL to Canacrap..... share price going This issue is sold out already. It has been placed. The institutions love it. CC has zero risk. Firms don't buy stock to make money, they sell it and take the commissions and broker warrants.
Muness is a higher risk well. It is not like Brenda or Blackhorse but the stock is not trading at these levels based on spec of Muness. Downside from this range on a miss is irrelevant and stock should be bought if it does pull back from here on a dry well.
If stock can be bought slightly above the issue price where the institutions are buying then that is a buy. They know more than we do.