Kiyakker not alone in not averaging down
posted on
Feb 03, 2009 01:27PM
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You are not the only one, I know of 3 of 7 of my personal contacts who bought in on tyhee in the '50 cent range, and have not averaged down.
So it is in thier honour, and yours, that I won't be comfortable until we return to the 60's and higher. From that point we can talk about our 5 or 10 banger, not based on these extreme lows.
Of course, it's not too late to accumulate a bit, but with such small volumes, any new investment is almost to be a market maker! I'm considering putting a big chunk down in Sept or Oct, depending on how things go over the next 6 months. But if I were to put in say $100,000 or $200,000 as I am considering, we would have to have made some great strides in the DAR, gold would have to be well up, and our SP / market cap above 60cents/ 100 million.
I know a few others considering investing, but these are types who don't buy things until they are in rising trends. If there are lots of people out there like that, then watch out when we see a good release of SP from the tightly bound range it's in now.
"my legs are coiled springs" - charriots of fire?
SKELEG