TSXV:AUN.H - Post by User
Comment by
JonEcashon Nov 24, 2010 1:29am
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Post# 17749177
RE: RE: A quick thought.
RE: RE: A quick thought.Hey Cook, the answer to your question of "who is right" will depend on the time horizon. Short-term -over the next few weeks/months AUN could hover around this level until the overhang of paper is churned. I mean we will have up to 311M extra shares at .41 and less to get through, WAY BEFORE Shafter begins even begins commissioning....
Also look at the weekly chart, the indicators are rolling over.
So if I'm right, then during this time I thought I'd do what's best for me and take some off the table to put into things that I think will be moving sooner. There's other solid stocks out there, and I've posted a few that I'm currently in. Profits from those can then be put into AUN at hopefully a lower price.
And if I'm wrong, I can still ride half of my original position which was pretty significant after accumulating for years. Plus I can still buy the other half back once the dust settles a bit and we get more information.
Long-term though, I believe everyone who is holding AUN below 50 cents will be handsomely rewarded in the next few years.
Cheers!
J$