Post by
Sciencegeek1 on Sep 28, 2021 12:49pm
Bottom or not...
I bought more today. Couldn't resist at these levels. NFLD is part of my portfolio of stocks for this potential area play, so will continue to accumulate on the pull back as I have not seen anything to suggest any signficant risk to the downside that was not already there 6 months ago. That whiff of panic that this sector is going through now is usually the sign that I expect to start seeing a bottom forming. May not be there yet, but any further downside is limited from here to maybe 25-30% - worse case scenario IMO. I expect to see some more pressure on the gold price but long term, based on what their neighbors are seeing in the drill cores, this one is still worth the risk given the possible upside potential. Sure would be nice to see some drill results soon though. GLTA.
Comment by
rusty111 on Sep 28, 2021 4:42pm
I'm down lots of thousands in my juniors stocks As Rick Rule said , if you don't have the stomach for wild swings of volatility then this sectors not for you. Yes I can see $0.40 as I believed $0.70 was a bottom but now I'm not trying to time a bottom anymore. what a steal , this stock is way undervalued. Kudos