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Re: BillBadaass post# 10765

Tuesday, 03/15/2016 5:28:46 PM

Tuesday, March 15, 2016 5:28:46 PM

Post# of 54521
IMHO - I think it is right where it could be expected to be, given that I've seen a pattern over years where, when big investors ($millions) are facilitated to buy shares at discount prices (like the ones insiders seem to get), there is often a 20% drop soon after, preceding a significant appreciation as more people draw confidence and decide to invest for the long haul. I think it did splendidly today after 1) the 2015 numbers just released, 2) the low volume dive many stocks take before the FOMC meeting, 3) the continued losses in oil stocks after a big run up, and 4) the fact this is inherently a long-term investment for sustainable gains. The Singaporeans bought at 8.2 cents or thereabouts, so no surprise if it revisit 7 cent a couple of times. Time to unfurl the sails now, is what I think...

I firmly believe this will recover above 10 cents.
Volume:
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