GREY:DRGDF - Post by User
Comment by
Sharpie009on Aug 28, 2008 8:45am
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Post# 15415701
RE: UPGRADE yesterday
RE: UPGRADE yesterdayGiven the debacle over analyst ratings the last few years analysts are forced to err on the side of conservatism. If they don't they will get sued up the ying yangs. A 20% correction is material enough for them to alter their targets. If it was only a $50-100 correction don't think you would have seen any modifications. A $200 drop is a different story. You and I are only investing soley on behalf of ourselves not any clients. If we feel that the long term price of gold is still in a solid uptrend and will be $1,000 shortly from our perspective nothing has changed. If anything this represents a great buying opportunity. Course than we shouldn't be shitting our pants and complaining that this stock is hanging on by it fingernails. Stand behind our convictions and buy some more.