Can anybody give me an idea of how FNC's results / visuals were? Were they good, bad, neutral, because when I read the news release they sounded ok (at least there was something to report) but the SP got smoked yesterday (down +50%).
Given the fact that I have no geological knowledge I am just trying to guage the markets reaction to any news that BMK puts out in the coming months. If they put out positive news and the SP goes down 20% to 50% the SP declines we have seen (IMO) are a direct result of global market turmoil and have little to do with the fundamentals of the company and the ROF as I think is the case with FNC.
However, if FNC's results were poor, then I am starting to doubt the ROF and suspect that the major increase in volumes we have seen this week in most ROF companies is a result of the news from the field leaking out and there is a big liquidation going on by people with better information than us.
This should all serve as reminder to us that were looking for a quick score that these companies are very volatile and risky. Also, I am just pissed that I got into BMK based on NOT being halted and I was looking to make a quick flip of the stock. Here I am two months later, averaged down a bit, but still a lot of money down the tubes.
GLTA
Loading...
Loading...