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Pengrowth Energy Corporation Message Board

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  • cruckymucky cruckymucky Mar 13, 2004 9:17 AM Flag

    Can someone help me to understand this?

    Recall the basic lesson of finance; nothing is ever free.

    The fact that you are getting a high yield means that you are being compensated for the (supposed) risk that exists in this stock.

    Without that (supposed) risk everyone would buy it and the yeild would be much lower.

    Low prices work in the same way.

    Anyhow; this market is starting to really get crazy, especially on risk assets. The easy money has already been made - everything beyond about a week ago is probably going to prove to be irrational in the long run.

    My advice? Get ready to run like mad - or if not, dont ever sell. Either way you will do okay, just dont let it sit then sell at the bottom.

3.23-0.04(-1.22%)Dec 26 4:03 PMEST

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