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GMX Resources Inc. Message Board

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  • ubahedge ubahedge Feb 6, 2012 3:27 PM Flag

    Any compelling reasons GMXR Preferreds don't hit $25 ?

    Not surprising to see some profit taking here after such a spectacular run. However, it blows my mind how careless people are selling. Market orders for 1000s of illiquid preferred shares?? Of course the stock will go down a few bucks! If you want to sell you will get a much better price if you dribble it out with some care. You should have sold some at $16 this morning! On the other hand, careless selling is a buying opportunity for me! :)

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