RE:RE:RE:EXN expects to report positive operating cash flow !VentureTrader1 wrote: This stock is probably a pretty good buy at 1.20 sometime in December when the current washout across the sector runs its course. Until then, listening to the cheerleaders is a seriously dangerous financial decision.
I will not diss VT here because to his credit, he saw the share price dip more than most and did mention he was getting back in some time ago (Cannot remember the price but I think he timed it well).
That said, those waiting to re-enter at 1.20 on his initial advice would be sadly sitiing on the sidelines rather than partaking in the rebound.
This is why value investing works ... You may not be able to pick the absolute bottom but that isn't the game here ... Buy what you think is under-valued and ignore the noise...
I believe I was correct in that the purpose of this shallow dip was to shake off weak hands ... to steal their shares ... and those of us who believe in EXN were never phased by the violent manipulation of deep pocketed market makers.
Hang on folks ... this train is just starting to roll ...