I have lightened up on this stock recently and was looking to lighten up just a tad more (dont worry everyone I am small fry -trust me).
But I am going to hang on to 'em all at this level because I think 38c is going to provide pretty good support so I see downside as pretty limited. You can already see some pretty good support in the market depth at 38c. If it breaks thru and under 38c I also think we will see some good buying coming in.
The other factor is the takeover factor. I'm not holding out for a takeover but as I said I view downside as limited and moreso after todays action, so for me, why sell now.
I dont think the recent downtrend is manipulation. I think it is people exiting on increased perceived risk and is not a massive surprise to me. But have a look at the GDO market cap. Its still cheap !
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