Caliche’s Commentary on Newstrike
looking at the trades today there was one buyer that sold no shares, Fidelity. the two net largest buyers bought over 200 grand of stock each and the largest sellers only sold net 150K shares each..
not a panic by any means..it looks like people were locking in profits
The overwhelming urge to sell profits and pay for losers is common in the markets. I used to do the same, I have learned through long and hard lessons to cut the fat in times of uncertainty and stick with my winners.
after all if it was winner yesterday it sure as hell is still a winner today..the news out yesterday further confirms the continuity and grade of both the high grade and high tonnage deposits.
AP has again been de risked and continues to be our top pick for 2011.
“be right and sit tight”
caliche
