GREY:SWYDF - Post by User
Comment by
moneydazeon Dec 30, 2009 2:11pm
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Post# 16626772
RE: Opinion Please
RE: Opinion PleaseHey,
I would have to agree with diamondmine that the companies are too completely different beasts. Although SWY currently has some 260 million + shares out and trading in the .70 range it does not mean that ADD with their 200 million + shares will do the same. The projects that Stornoway is working on at this point in time are far superior to those that ADD is working on. That is not to say that in the future ADD wont be a good investment just right now I think your money is better parked right where it is. I however sold today at .70 as I believe there may be a small dip in the coming days as the stock consolidates on this massive move up.
On top of that there are many other companies out there that have great up and coming prospects that are still way undervalued. One that I like is NAG as they have a couple of small coal mines either coming on line or in the permitting stage and they will be using their profits from this to go after the prospects in much larger mines in the future. From now on they are trying to stay away from dilution and instead fund from within.
That is only one but there are many other ones out there but I really like SWY and plan to rebuy on dips. still think that this one has a long way up to go but needs to take a breather.
another thing you could do is sell half of what you have in SWY and if you really like ADD you could diversify 50/50 and see how it goes.
Cheers
Moneydaze