Re: No selling
in response to
by
posted on
Jan 04, 2010 08:43AM
Identify, Focus, Develop.
Hey Rico,
I agree its nice to not see an insiders taking some money out now that the SP has risen a little.
Not really sure what the target price will be but if I remember correctly a recent news release stated that the company will have options good for the next few years and these options can be purchased at 10 cents. This just may be logicical thinking but I'm pretty sure that Steve and everyone else that has the ability to buy these options are expecting the share price to be much higher then 10 cents. If it isn't then there is no point in buying up the options and then they will expire. So my guess is they are all expecting 10 cents to be a steal for these shares in a couple of years.
I'm curious to see whats going to happen this week. A lot of times you see big changes in things right after christmas. Now that the holidays are over all investors will be back at their computers and re-focused. Also sometimes you see a lot of selling close to the end of the year. People choose to sell off some shares to cover some other capital gains earnings before Dec 31 with hopes of buying back in, in the first part of January at the same price they sold at the previous week. So maybe we will see a large amount of buying over the next couple of days.
Hoping to hear some news from Nalcor in the next couple of weeks. That should spark the fire again.
Later