Since our last NR, this is what has transpired:
2009-09-18 |
|
V : NOT |
|
1.88 |
|
1.95 |
|
1.81 |
|
1.84 |
|
-0.04 |
|
1,046,183 |
|
497 |
|
1.83 |
|
1.84 |
|
|
|
2009-09-17 |
|
V : NOT |
|
2.09 |
|
2.09 |
|
1.86 |
|
1.88 |
|
-0.16 |
|
1,562,581 |
|
1009 |
|
1.87 |
|
1.88 |
|
|
|
2009-09-16 |
|
V : NOT |
|
2.03 |
|
2.15 |
|
1.95 |
|
2.04 |
|
-0.22 |
|
3,547,749 |
|
1512 |
|
2.03 |
|
2.04 |
We have sold just over 6M shares and our SP has decreased 42 cents or 18.6%. This is after a good NR but one that did not live up to the step out rumors. Some money moved in, in anticipation of a big NR that could double our SP, when this did not materialize, they pulled their money and ran to the next "fast" opportunity. Now, having traded 6M shares out of 160M is very far from a bail out by the big boys! I think we may drift down a few more days but at some point we will see the mommentum change and when that happens, we will race back up and will probably have 2-5 days of straight up. The lowering volume on shares and decrease in SP indicates we may be near that bottom and the bashers on the site indicate that someone still wants to accumulate and wishes for retail to stay on the side lines. Notice also that all the rumors have gone quiet...Funny how when we were at $3 rumors were everywhere!! Always think of who is behind the info and where we are in the SP.
The next time you see a high price with lots of rumors...it might be wise to take some off the table.
The next time you see a low price and no rumors and we have bashers/disturbers popping up on Ag, it may be a good time to increase your position!
Glorieux