If I sell ...I'm sure the s/p will drop into the 4s, easily ... I hold close to a million shares ... BUT I'M NOT SELLING YET!! Why? Because I do think that NAG is honestly pursuing Kentucky coal but they are running into some HUGE problems with the contractor(s)... Intentions are good, but things just have not worked out yet! They are learning... If and once they get a good contractor then things should turn around -- especially if they start drilling Sask ... We can look at worst case scenarios but personally I think we're pretty much bottom right now ... We might actually dip into the 4s BUT I remember holding PPI and the s/p went down to .04 (I loaded up)... there were delays and NRs were not coming when expected etc. etc. ... BUT PPI had potential ... they worked on their problems and the s/p shot up close to 2 bucks!! Even now its holding in the 60s ... Back then in PPI there were investors and bashers both bashing the stock ... things turned around and all the longs (including me) made money on PPI ... I'm hoping for the same with NAG ...
Like I said earlier -- I did quite well on INT and SCG and even if I sell NAG now, I can claim a tax loss and still be ahead of the game significantly ... BUT I WILL HOLD! I could be wrong, no doubt ... but sometimes you just have to go with your gut feeling and based upon what NAG has going on I think the s/p should move up in time ...