Re: What's Up Today?
in response to
by
posted on
Oct 07, 2008 11:00AM
(Edit this message through the "fast facts" section)
Exactly...the one plus to this, is that buyers I believe from here on in are selling into stronger and stronger retail investors and of course institutional investors, who see the big piture. I am sure many have sold because of the markets, and nothing to do with the company just based on fear.
Garey Aitken was just on BNN, and he said the best value right now is in the energy sector, ranging all the way from small caps to large caps. So that's good to hear people are looking to the small guys as well. I wouldn't doubt if some ppl didn't know how much money QEC has in the bank. A lot of small caps get sold off a lot because the lack of funds, and we're probably one of the few smaller companies with a huge amount of cash in place.
Jamie Carrasco (Bullish on commodities) on BNN right now said to get us out of this financial crisis, said the US will have to print a lot of money, and it's going to cause inflation and the US dollar will depriciate heavily while commodities will rise back up again. Also stated that no one is talking about peak oil, but it seems to be here. Oil demand is still increasing, yet we can only produce so much and finding reserves new reserves is harder and harder...which will be pushing oil higher. The economy of China is still growing at 8-9% and the world still needs oil and commodities.
So lots to think about!
Rocco