State of AffairsA lot of you are pissed......I cant say as I blame you...no one expected this to go to 1.45 this am but please consider the factors that caused it, and remember we still have a LARGE RESOURCE with potentially a lot more on the way. This stock is still undervalued at 3 bucks so just hold. It will be bought out for well over 3 bucks but we need to take the ride, good or bad, to get there.
This happened once before with all the stop loss triggers in March or late Feb (cant remember)....and as for managements "new tune"......think about how many millions they lost today at one point. If you're pissed over losing 10-40 000 just imagine how they felt losing in the millions.
The fundamentals have not changed, everybodys just getting caught up in the contagion vortex.....psychology drives share prices as surely as fundamentals so dont add to it by selling or griping....hold those shares and you wont lose anything, Teck will buy them off you at a sizeable profit.
It was out of the blue and took a lot of people by surprise but theres still so many good things about this stock.
And as a final note quit bashing Vette, a lot of people did make a lot of money listening to him....I think Im one of the only people here with a lower average share price than him and whether you like to believe it or not he DOES know his stuff quite well.
This will turn around but we need to hold and weather the storm.
Rogue,