Re: Analysis of Q2 results
in response to
by
posted on
Aug 13, 2008 06:28AM
(Edit this message through the "fast facts" section)
JQ,
You are correct. Also the old addage "buy on rumor, sell on news" is contributing to this. Not to sound pessimistic, but things might get worse before they improve. These new lows will trigger margin calls by afternoon causing a spiral effect since many investors probably overextended their margin on this one. I am still positive long term for the company because of the potential value of the Quebec play. It might be a bumpy ride from here until drill results. Overall however, a great value play.
Pokecheck has the right idea - ignore the fluctiuation in the sp, go enjoy the rest of the summer and look into it by the end of september.