TSXV:CAV.H - Post by User
Comment by
mining_pays_my_billson Mar 13, 2014 3:20pm
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Post# 22319598
RE:RE:RE:a late down spike here
RE:RE:RE:a late down spike here@ ishouldgetout. Your sarcasm is duly noted, on both of my previous posts. I'm sorry the price didn't go up with the good news. Markets are unpredictable. Technicals, 50 day moving average, 200 day moving average, "market sentiment"- I don't subscribe to any of that stuff. If a company has good fundamentals it should go up in the long term. I'm not a day trader or a market analyst, so maybe I will stop commenting on market action- I only gave my thoughts because people asked for thoughts. Invest in what you know and understand. I work in mining engineering- design, procurement, construction of mines is all part of what I do every day. I'm investing in what I know here. BAJ has a good feel to it long-term, the fundamentals are good long-term, profitability should be there long-term when the mine comes on line, maybe even a buy out long-term. All these little things that are happening right now- construction delays, cost overruns- it happens in every project, it doesn't bother me as a long term investor because I've seen it many times. We have a saying around here in the office- 2 things we've never seen: a project finish on time, and a project finish on budget. If you're a short term investor than this kind of news will bother you. I don't think you should be in start-up plays if you're a day trader looking for quick profit- buy ABX or FSLR stock, or something that fluctuates 3-4% every day, you can flip that every other day if you want. For start-ups the road to profitability is a long one often paved with bad news, but if you are willing to stick with it the returns are handsome.