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Bullboard - Stock Discussion Forum Wheels Group Inc GRFJF

GREY:GRFJF - Post Discussion

Wheels Group Inc > Crying out for a buy
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Post by prested on Sep 02, 2008 5:10pm

Crying out for a buy

At today's price of $1.53 ya gotta wonder how much lower this can go. Reluctant though I am to buy more, I just have to. I figure to double my money  in a year or less.
   I imagine the heded position is one of the reasons WGI has fallen out of favour, but when Peter Munk was interviewed on BNN last week, he said that when a gold producer is small, it is very prudent and appropriate to hedge, and with the drop to just below $800.00 today, who can fault WGI for doing so.
   Good management hereO. Good luck to all.
Comment by geno on Sep 03, 2008 2:49pm
Well it's a 1.39 now.  I have a feeling there is a financing coming up.  I see no other reason for the stock being driven down the way it is, although the whole market is coming down, but WGI is way overdone.latergeno
Comment by Orwell on Sep 03, 2008 10:55pm
WGI is in no need of financing.Stock price decline is simply due to the market sentiment turning to deflation, and therefore a reduction in commodity prices.Nevertheless, at these levels I have to repeat my single investment strategy for all stocks......Simply buy low, and sell high.O.
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