RE: RE: RE: ScentFrom the depths of late 2008 - early 2009 - IVN has become a 10-11 bagger ($2 and change to $22) , while ETG has maybe been a 4 bagger at the most - not sure how low it got back then - maybe 60 cents. Sure looks good in hindsight to have switched it all over to IVN back when there was blood in the streets.
There was a time when it looked like it made sense to put it all on ETG, from a percentage point of view, when IVN got back to $10-12, but holding ETG this long has never made sense. SO many lost opportunities, and so much money tied up in Capital, if you have been holding ETG for as long as I have, or Gent, Captain, Gill etc, that it makes no sense at all. Even if ETG hits $5-$7, I don't know if that can make up for all the capital tied up in ETG, and lost opportunities in switching to IVN or any other name for that matter, in the bull run of 2009. Hell, you could be new to the stock and buy some today for under $2.50 and be better off than most. All these years, and nothing to show for it , unless you were an active trader. I have bought and sold some over the years, but never enough times to make up for the money tied up in ETG.
I hope it does get to $5-$7, but still small consolation to long suffering holders. I think the longs do need the $10-$20 pie in the sky buy-out, to feel like they have hit a home run. Anything under $10, and it is not special or a home run. You are just breaking even on what you could of made with any other name out there. JMHO.