GREY:CLGRF - Post by User
Comment by
Chris_torontoon Mar 19, 2013 5:51pm
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Post# 21152375
RE: RE: 'not gonna sell crj here'
RE: RE: 'not gonna sell crj here' I agree, I have been reducing some of my over weighted PM positions but did not reduce crj.
I speculate that analysts are expecting the company to lower its forecast of 50k oz's in 2013 that it made in recent months when they were trying to get financing and that's why they are not buyingcrj along with the others. But by now everybody knows that including us small investors on this board. So my expectation is that the stock will actually rally on the bad news. Give or take several days; i.e. not necessarily on the day it's released.
The unknown variable pertains to timing. I'm expecting another, possibly final, dip for these stocks sometime in the next few months. And when that happens it will affect all PM stocks.
For the record, I sold my position in Richmont.
C.