Did anyone here bail out under .9 today?
Looks like we have a new IFFCO....Slager's 3rd SEC Form 4 this month. He bought 75K at $1 around last Friday, back when it hit an intraday panic low under .9. Looks like today is the second time he bailed us out from a huge drop.
http://www.sec.gov/Archives/edgar/data/1132143/000114036110023043/xslF345X03/doc1.xml
On another note, I think the gold/precious metals shares should do very well right at this time, we're in a gold bubble. John Paulson & David Einhorn just announced options to denominate investors' stakes in gold. What this means is they need to purchase huge shares of gold interest along with their purchase of securities. They set the trend for other hedge funds so as this becomes more popular it puts more upward pressure on gold purchase...pretty much the definition of a bubble in formation. Lets see...Euro Down, Stocks Down, Dollar up, Bonds Down (interest rates up) and Gold ...UP!? Hurry up and do the spinoff. Should do well for a long while to come.