Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Fiscally Conservative who wrote (23374)	4/5/2005 10:31:11 AM
From: ItsAllCyclical	Read Replies (2) \| Respond to of 108739

Companies authorize shares all the time. But there's a big difference between authorizing shares and actually selling them. Today's news was new imho. Agree the stock is acting well, but the new shares haven't been placed onto the market yet, NW hasn't been sold and considering it's recent losses one day of gains is nothing to crow about. Having to issue shares at these low prices is a bad thing. Now, you can say it's the better of two evils, but to say it's a good thing based solely upon the price action I guess I find amusing. Maybe it's just a matter of semantics. Management is inept. While it could head higher ST, today's volume isn't exactly inspiring. Will continue to watch, but until the NW water issue is resolved I'll likely be doing just that.