RE: Falling knife Hi Unlimited. I appreciate your perspective and definitely understand the reasoning. I am one of those averaging down guys and I do it obviously to get a lower average, since I bought in the 12s and 13s when it was on the upswing . I had no idea that it would fall so much in 5 months, but hindsight is always 20/20. My perspective then as it is now is to buy companies where I feel I am getting good value, trust the management and believe in the business. None of that has changed for me, though obviously I am feeling the pinch of not getting great value AT THE MOMENT. But my perspective is long term, so I have to force myself to ignore this really bad dip. I have bought more shares on the dip and am considering buying more today but I have to sell other stock to do it. Not sure if I want to do it at this point. It is true, it can drop more tomorrow, but I can't expect that it will drop 7-8% every day until it hits zero. There's gotta be a bottom somewhere, and since I neither have the knowledge or experience to time the market, I just figured that I may as well buy when funds allow and a 25% or so drop is probably a good enough entry point.
The Sandstorms (I own SND as well) are both invested in my wife's and my RRSP and my kids RESP, so I am definitely getting nervous setting the stock drop. Now, true, one can argue that fundamentals have changed since Nolan decided to do this Mongolian deal in a less than stellar locale, in terms of political stability. If they do another one, I'd be worried, but sounds like this is a one off. Also, given that other mining stocks and streaming companies are tanking as well, there definitely is a sector effect as well.