Re: should SP reach zero
in response to
by
posted on
Nov 20, 2008 09:03AM
Focused on becoming a near-term Gold Producer
midas man, agreed that selling low is stupid and is market rule 101.
But with something like this, where its down down and then down more, with no way of saying where its going to end up...no news is gunna move us much. Our once semi solid stock (as far as juniors go) is now a penny stock.
Only pure spec players are playing with us now, and they are few and far between. I too remain hopefully for sage and think they are on something.
I mean for a guy who gets in at these levels, its not bad, still downside left though by the look of thngs. But anyone whos been around here for a while is in at 5-10 times current SP. There is such a thing as cutting losses and getting out with something, not trying to be negative nelly here, but riding the ship right down to the bottom also wouldn't be put in the smart catagory.
sw