• Rocket Robin
    A quick look on how $TRX is treaten these days, to the lows of 2008, tell to me the drop ofo S&P in the 800-900 area cannot be avoided.
    12/16/11
    Reply (15)
    • John Rayhall: Why is TRX a tell on where the S&P is going?
      12/16/11
    • g'day: Don't get the connection here
      12/16/11
    • Rocket Robin: TRX is an example ... take any exploration stock, and see the 5Y chart. Current drop makes them cheapest stocks to grab for hedge funds.
      12/16/11
    • John Rayhall: I'll take a look
      12/16/11
    • Rocket Robin: But to jump on them, they gotta dump the rest. Moves on the USD and fall of comodities makes it pretty clear.
      12/16/11
    • Rocket Robin: It is not an advice, but just a clear reading of the stocks back to 2004. You should all have a look, and see for yourself.
      12/16/11
    • g'day: Thanks RR
      12/16/11
    • Rocket Robin: You are most welcome. If you see any other stock with such drop, please post them, I'm in buying spree.
      12/16/11
    • John Rayhall: TRX book value is about .61 correct?
      12/16/11
    • Rocket Robin: Yes, and that is in CAD.
      12/16/11
    • John Rayhall: Oh I see cool. I'm not sure if I should buy some will read into it more.
      12/16/11
    • Rocket Robin: I would let it drop more for now. It is linked to TNX.TO. Will likely fall of another 10%, then raise on the broom spree of hedge funds.
      12/16/11
    • John Rayhall: Ok I'll watch for that 10% drop thanks
      12/16/11
    • Rocket Robin: That is likely when it hits 2$. We are gretting there :) When, and IF it hits that, check S&P 1-2 weeks after.
      12/16/11
    • John Rayhall: Interesting I will look to see if there is any correlation.
      12/16/11