RE:RE:RE:RE:RE:Actually the time to buy atac is now
would confidence in a short term upswing be as high if this stock has a kaminak-like dip below its support level? .... in ATACs case, below the .69-.70 cents?
I like this stock, but not in this macro, and I think that is the opinion of many non-buyers watching this very interesting market unfold. People note the agnico infuse of cash for validation to buy or keep buying. Truth is, there were many variables that went into that strategic all of which were made with the POG over $1600 and positive sentiment that supported the price going higer not lower, in a gold market that had risen for 12 years in a row. And although many of those variables still exist in the loooooonger term, the entire market has been so beaten down there are supposed goldmines (excuse the pun) everywhere. An individual stock discussion almost doesnt matter in this market. Until there is either a real disconnection between paper and physical, or serious physical shorts, the pressure on the paper market isnt showing signs of weakness.
sub 1300 gold and a long winter ahead, its not very hard for sentiment to slide.
There may be a window to buy in tax loss season, but Im not sure its this price just yet for the non-holders.
that said, failing to find support at .69.... and who knows where itll land