Post by
Honkeybill on Feb 17, 2010 4:21pm
A few caught caught with their pants down
It looks like someone wanted to move on to something else......quickly..... and sold their position.......taking out the bids down into the low sixties where the stop losses start to kick in and pushed it all the way down to 57 cents.
Not really enough volume to indicate horrible news is on the way...........and I think a few astute investors saw an oppotunity to pick up more shares pretty cheaply, pushing it back into the low sixties quickly.
Just my thoughts.........I still think this will be over a buck when the Q4 and year end numbers come out.
Comment by
topoftheridge on Feb 17, 2010 4:23pm
from what i noted our friends "Jitney" seemed to start the free fall....can someone else confirm or deny this?
Comment by
metalmaniak on Feb 17, 2010 4:25pm
I think we will see a bid from Severstal when the q4 #s come out. Probably higher than .70 but lower than .90.Wish I had bought more size today.
Comment by
Honkeybill on Feb 17, 2010 4:32pm
I can't see less than a buck-thirty..........Sprott and the other institutional investors (and some of the larger retail holders) would go ballistic.........and a lot of lawyers would be very busy. It's obvious the numbers are going to be very good........and these little games are going to be played right up until they're released.
Comment by
MightyWingman on Feb 17, 2010 4:34pm
Looks like CIBC sold a bunch at the close as well.........MW
Comment by
NaturalCurrency on Feb 17, 2010 5:43pm
ThyFish, totally share your sentiments. I have an automatic 'no' to their any offer which does not realise the true worth of the company. Dont care if I am astute investor doing this or not, sometimes you just got to stand up for what is right.
Comment by
Kee000 on Feb 17, 2010 7:07pm
BRAG--My sentiments exactly--GREEDY SLIMEY FILTHY PIGS> POLLY
Comment by
Kee000 on Feb 17, 2010 7:10pm
Have I told you lately, I would like too give that prick a good swift kick in the balls. Just one, well maybe two.--POLLY