Drop in SP was predictedUnfortunately, I'm guessing that I'm one of the many that played this wrong. (well, me personally, I believe I played it wrong as I panicked and sold in the morning). I've experienced this with a previous company before where the stock plumments right on open but then starts to stabalize during the day and I would've lost less money if I had stayed in insteady of selling. I'll attribute it to being a young investor, with less than a year of investing (even though the inexperience is hurting me financially).
But do recall, that a couple of weeks ago when the talk of the RE was rampant, I beleive it was Vette, himself, that said there would be a drop in the SP, and I remember reading a claim of around a 30% drop when the RE would be released as the tonnage would be decreased while the cut-off grade increased, leading to a faster buyout offer.
That happened today, as was foretold, seriously it was, I remember ppl asking whether it was actually going to be true that the SP would drop on RE release, and it did. Unfortunately, my emotions got the better of me and I sold.
However, I bought back in, although with reduced cash, I got more shares than I previously held. I do beleive that Vette and some of the others know what they are talking about here, as so far everything has happened as they've said. So I'm all in again on CUU with hopes for a buyout like PGM to set me free.
I know a lot of ppl are upset, I am too, just turned 23, out of UofT and losing a lot of money on the stock market, but I beleive CUU will be the one to get me back on track.
Hopefully Im not proven wrong.