Is the recent sell off justified?
posted on
Apr 13, 2012 09:16PM
I haven't owned GWG for a couple of years now but decided to buy in a couple of weeks ago when the SP was in the mid .50 cent range. I did so because I like the forward outlook for the company.... I understand that there are only a few RE producers outside of China (that are as well advanced in the developmental stage as GWG), so why then has this company's SP not gone up given that recent assays are very good and the resource % and grade shows better than historical data. I strongly believe that those with the power to short it are doing so simply to trigger stop losses and " take advantage of the emotionally weak investor". Once 43-101 is out, the SP should gain some upward momentum. At this low mrkt cap, it could be a quick and easy double on a take out. Any thoughts?