Re: T. Owen comments today
in response to
by
posted on
Jun 26, 2008 10:04AM
(Edit this message through the "fast facts" section)
Thanks Janet for putting my post regarding my phone coveration with T Owen yesterday.
From the looks of it, this was an organized act by a few people, who propably wanted in at a lower price. I say this because the houses selling are all retailers, TD, Scotia, BMO & RBC.
Buyers on the other end included large houses like Indurtail Aliance.
Our human tendency gets people nervous when they hear a financial or legal problem has hit the companies they invest in, despite the fact that Alda's case is very minor and all of this will be soon cleared out.
The question that many fail to answer is the following: if this was a real issue, do not you think they would have had to halt trading or issue an NR specifying that they are in trouble the same day the request by BCSC was in? That was the 13th of June? Yes 12 days before this round of sell off on news took place.
Result is that many true believers bought more, many loose hands and noise traders sold and a few large investors captured the moment and bought in big.
Some will argue that this has been a P & D as the SP went from 12 cents a year and a half ago to 1.57. If it was the case then the company should have known that and they would have printed paper at that price or near the high, NO?
At the end some will win and many will loose, but who knows when that will happen. My bet is that like many were in dougbt regarding NOT and sold at 41, they bought again at 4$ in less than 3 months.
If in doubt always call the company and do your own DD.
I sometimes wonder why I write, as I know that the cycle will be the same idiots sell low and buy high, but then I am writing here because I believe that there a few people who actually stop, read and think about what they read.
MMN