RE: average down if you''''re sittin on a lossIMHO Sirit's current share price does not reflect what we see as its true value. One doesn't have to do much research to find out when the PPS started to take a hammering. The reason then was the sub prime fiasco and fear it may expand. Well guess what the sub prime debacle has escalated into ABCP and now to the whole credit system and now a U.S. recession that will probably make it to Canada,+.
Investors are VERY gun shy right now to buy anything with ANY risk! I was chatting with a broker the other day and he was telling me that even promising gold companies are having a heck (with gold at highs) of a time because they will need money to get to production, in his opinion nobody trusts nobody anymore ! And the market reflects that.
Hench I'm glad I'm long on Sirt, sorry shorts you may have to worry about the price for a while longer.
My ONLY concern right now is that Norbert recognizes this situation and makes DAMN sure Sirit doesn't need any cash in the near future.
John