Re: Press Release: Legend International Holdings ... Solid as a rock.
in response to
by
posted on
Oct 05, 2009 03:17PM
You are asking a difficult question, for which there are are many possible answers:
The downward pressure is a result of the following.
- There is an element of profit taking.
- There is pressure from short sellers
- There is no sense of impending short term price gains - shipping begins in Q1
However, this downward pressure should not last for long.
Most investors in this stock are committed to the long term prospects for the company.
The long term picture has only gotten better over the last few months and is a very strong Buy to anyone that performs their due dilligence in the stock.