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Bullboard - Stock Discussion Forum Wheels Group Inc GRFJF

GREY:GRFJF - Post Discussion

Wheels Group Inc > Northern Rivers recommends WGI
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Post by zeroreturns on Mar 05, 2008 2:23pm

Northern Rivers recommends WGI

Globe says profits won't go south with Northern Rivers 2008-03-05 07:29 ET - In the News The Globe and Mail reports in its Wednesday, March 5, edition that Northern Rivers Innovation Fund LP portfolio manager Hugh Cleland sees a lot of promise in Western Goldfields. The Globe's Melissa Martin writes in the BNN Market Call column that Western Goldfields stock slipped 22 cents Tuesday on the Toronto Stock Exchange to close at $3.68. The stock has a one-year trading range of $1.73 to $4.13. Mr. Cleland likes Western Goldfields for many reasons. He likes the company's management, its reserves and its United States mine. Plus, Mr. Cleleand believes the stock is now undervalued. In his general outlook Mr. Cleland says: "As our cash position indicated we are cautious short-term about the market and economy. We believe that this environment bears many similarities to the recession of 1990-91, and if we are right on this, the market should put in its lows some time between now and the next couple of months. It is market environments like this that lay the ground work for the next one to two years of performance by giving us the opportunity to buy our core positions at advantages prices." Mr. Cleland said buy Western Goldfields on March 26, 2007. It was then trading at $2.28.
Comment by thedave2006 on Mar 05, 2008 5:31pm
they've had the same top three picks on robtv for a long time. dave.
Comment by RenRok on Mar 05, 2008 11:00pm
Im so sick of Northern Rivers and their endless and shameless pumping of the same stocks over and over and over.ANything they have large positions in they will be pumping with these huge and unrealisic targets.They have had a $40 target on Neptune forever and its gone from $8 - $3.50......gimmie a break!!  Im not saying $5 - $8 isnt posible here , but I think it will take quite some ...more  
Comment by jmichael121 on Mar 05, 2008 11:54pm
Agreed that Hugh is a bit shameless with his "fists pounding on table buy" for his Top-3 holdings.. At the same time, if you are a WGI holder, the promoting isn't bad and he is speaking a lot of truth - WGI has gone up considerably since he began plugging it in the low $2's.. and we are undervalued considering we have become a producer and have not really moved much since gold ...more  
Comment by CHECKMATE77 on Mar 07, 2008 10:56am
the way I see it POG goes up last 4 months WGI had promise to go from pit to pour 1st gold..done WGI had chance to cge value based on producer POG goes up wgi--goes south. Time to look elsewhere, if POG is going 1000 plus I want some action---wgi is NOT delivering it cm
Comment by SkyeCairns on Mar 07, 2008 4:48pm
Posted by: CHECKMATE77 (ID#: 103740) Original Message: "Time to look elsewhere, if POG is going 1000 plus I want some action---wgi is NOT delivering it" I agree with the preceding messages that once production has been reported and it is successful then the price should spike up enough to please you, Checkmate77. In the meantime if you buy the lows and sell the highs as it ...more  
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