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Bullboard - Stock Discussion Forum Gold Canyon Resources Inc V.GCU

TSXV:GCU - Post Discussion

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Post by woundedknee on May 09, 2012 10:37am

????

We are getting hit the hardest percentage wise again. I see Goldcorp is in positive territory. I have been loading up on this stock based on latest drill results and expectations. Is there something here that I'm missing. Anyone?
Comment by godisgr81 on May 09, 2012 10:43am
You aren't missing anything. Many have jumped on the bandwagon when the stock took off from the 52wk lows and has risen over 60%, so now you have the weak hands selling so retracement of 30 - 40% is not unusal after such a large move upwards. Just hang on to your shares as more DR are released.
Comment by woundedknee on May 09, 2012 10:58am
Thanks for your quick response.
Comment by Geospot on May 09, 2012 12:02pm
All a bit of an over-reaction to one fringe Greek socialist predictably puffing up his feathers and giving the finger to Germany as a play to his domestic Molotov cocktail throwing audience. He'll get a concession (the Germans already acknowledged that they'll have to give a couple to the new guy in France), the ECB will print more money, China and Brazil will chip in (all while their ...more  
Comment by barisian on May 09, 2012 12:33pm
@ Geospot:   Regarding your last post, well said.  As frustrating as it is to watch our beloved company get abused, it is important to put everything into context and remember that we truly are a different company than most on the venture, for the reasons that you stated, among others.   Hopefully, management will look to expedite a move to the big board soon (or sooner than later ...more  
Comment by Geospot on May 09, 2012 1:06pm
Barisian-- Thanks for the comment. While my post was somewhat tongue-in-cheek, I do think that we are still in this first phase of a bad market. Phase one was fairly indiscriminate, with almost all companies on the Venture getting punished. The ugly, pretty, and in-between babies got thrown out with the same bath water. In the second phase--i.e., recovery and rationality--people will start to ...more  
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