GREY:HRIVF - Post by User
Comment by
Outofworkbumon Jan 11, 2011 11:55am
451 Views
Post# 17953911
RE: RE: RE: Level II
RE: RE: RE: Level IIChris sent the letter which many of you should have seen a copy of. My take is that as minority investors, those making the posts here (me included) are the minority of the minority. The big boys are just happy to sit tight and pick up more as things move along. The volumes are falling because the iddy biddy players who don't understand the basics that support the stock are living day to day. Who trades 400 shares? This isn't Birkshire. A friend of mine just bought in yesterday. Good timing!
I have said this before and I will say it again. You can have all the gold in the world but if you don't have the management team to effectively manage the resource then you are wasting your time. Severstal has repeatedly proven their sound mnanagement principles (ruthlessly sometimes) They don't care what the stock is worth to you. They care what the stock is worth to them. And the results? Look at where this stock was trading 6 months, a year, 2 years ago. Then you have your answer, No this baby is just taking a breather, shaking off the dead wood and repositioning itself for the coming year.
I am off to Thailand tomorrow to build schools for kids who never touched gold let alone invest in it. Wish me luck.