posted on
Feb 08, 2011 11:13PM
Seafield Resources Ltd
Mazatlan, Mexico - Dryden, n/w Ontario - Fire project, ROF McFauld’s Lake On
Message: News?
I was thinking of all the times I have been involved in a stock where good news was anticipated or speculated to be "coming down the pipe" due to improved share price only to abruptly reverse upon release of news(sgr,epl,qec). Not saying that this is what is going to happen. But, what if the reverse was to occur here? And we go higher! Enough strange things have already occurred in this stock:
-about 70 million traded on one day.
-analyst pumping the "next ventana", buy anything you can under a dollar,and we will sell 1/2 when it hits $5.While not long ago it was trading at 20 cents is akin to Babe's "called shot".
-then we have the verbal UFC between two analysts over the same stock and it seems it may have spilled into the street a bit.
-a pp that was oversubscribed and nobody that I know got some at a measly 50 cents. Some decent players involved as well.
-trading below 50 cents on NO news only speculation. This one sounds familiar. So all the smart people that got it @ a 20% discount to where it was trading when subscribed have over estimated the value of this sock by 20% as of today.
I'm not some big smart trader with all the answers. No, offense, but if I was I probably wouldn't be on this form. Just some observations. Hell, we could be at 30 cents tomorrow. Now, that would really,really hurt.
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