Re: we'd be lucky to see $1.25.
posted on
Jan 04, 2009 11:03AM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
Talking of passed $2 for share is like living in a dream .
Most of us ,i believe,have been averaging down and got to a point where anywhere near the $2 will be a multiple of our share cost.
Of course ,depending on the amount of shares owned ,the selling of the equities should be a factor of great importance.
Owning under a six figure number shares the risk - reward factor is in favor of holding but anything over that is a screaming" sell " living a core position just in case.
I personally would start considering a sale at $1.25---$1.30 but if the permit will be to elusive i would start thinking maybe to release the funds even under a dollar in order to pursue other avenues.
With the permit in place i will not jump trough the window for a quick exit but go trough the door slowly watching my back.