Re: spoke to Elmer two weeks ago
posted on
Sep 28, 2013 03:42AM
Cg I understand your frustration since I too have my savings in this stock but on basis of fundamental analysis this still is a great stock. We have far better chances then other junior minors. Its hard to see that because the stocks keeps being on these low levels but that is mainly like said earlier because of the entire sector being beaten down. Technical Analysis would give a major red flag ofcourse, i think TA does not work with these stocks.
So what are you options:
Stay until the macro picture favoures the junior mining sector (I think that will happen within this half year)
Take your loss and invest it in blue chips
Take your loss and put it in another junior
Take your loss and buy a sportscar or spend it on broads
First choice is probably the most frustrating but still has the most chance of a higher reward at these price levels because of our fundamentals, deal with Teck and financial support, with chance of 400% or even 600% gain from these levels
In blue chips you have a far bigger chance of making a profit albeit a far smaller profit! If you have made 30% in a year you have done extremely well. Thats what Berkshire Hathaway does in a good year!
Buying an other junior you dont kow as well as cuu and probably doesnt have the financial backing sound a little dumb.
Buying a sportscar or spending it on broads might be a serious option. However you will them never get your money back!
Good luck with your choice!