stock at recent low: great time to buyHello all,
Due to nothing more than some selling into a thin market, accentuated by a holiday in Canada, Platinum Group Metals got knocked down as low as $2.80 today, and is presently $2.95 (-0.40 -12%). This would be a great time to buy this stock at a discount. As people come back from their vacations and do bargain hunting, or the company releases news, the stock should bounce back up again nicely. Usually when the stock of a strong company is trading down to ridiculous levels for absolutely no reason, the situation doesn't last long. Furthermore, buyers should hold out for (or beyond) the bankable feasibility study (BFS) which at last check was due out end of this quarter or in the fourth quarter. The BFS will confirm that the company has a robust project with very high profit margins at almost any platinum price.
So, for both the short term and the long term, this stock is a great buy at these levels (under $3.25 USD). This should be a $7-10 stock after a positive BFS comes out.