GREY:CUDBF - Post by User
Comment by
Thailanddanon May 26, 2014 10:47pm
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Post# 22599854
RE:RE:My guess was low
RE:RE:My guess was low
It was not my intention to bash. I like the stock and see long term potential for a dramatic increase in SP. One can make all kinds of assumptions on what the stock value should be in six months to a year but unless you have a crystal ball how can you predict results on wells yet to be drilled or what the market will be like?
CIBC has been helping with moving the SP to a higher level but that is not a negative thing.The stock was to lightly traded and needs the increased trading activity. Liquidity is important to most investors. I realize that CIBC could be just an interested party and not in some manner or another involved with the stock, but I think not.
I bought another little dribble of 5000 shares today.
With the vastley overvalued US exchanges the odds of a dramatic pullback is in the cards and when that happens, one must at least concider the possibility of the TSX-V taking a further downturn. With that in mind I keep 30% cash, 30% gold ( including medium risk shares) and 40% higher risk equities.
The TSX-V is for gamblers ( I for one love the game) and just like Vegas even the best players do not win all the time. Every flip of a card changes the odds.
Good trading and feel no need to reply as I am finished posting here.