My Thoughts.. Looking at this company from the outside, not yet being an investor, I like what I see at these prices. Of course, I am not a short term investor. I choose my poison selectively.
For the Tech guys, the chart looks dynamic! Based solely on the charts, looks like a short term price increse to the upside.
The base metals have been beat up quite a bit over the last month. The U.S state of the union, so to speak is to blame, with housing starts expecting to slow in the coming months. However, I do not believe that the U.S. Gov will allow the ABCP/subprime debacle to drive the economy into a recession. The Gov will continue to lower interest rates and pump billions of dollars of liquidity into the markets if needed, to stave off disaster.
That being said, China and India hasn't slowed and gobal demand will only continue to increase over the next decade. Lets not forget, Africa hasn't even begun to experience an industrial reveloution yet!
Folks it just gets better. It seems that III is nearing a bottom, or may already have bottomed out here.
I hold EQN, IMG, and PDN. EQN is a base metal growth and take over story with a couple of dollars growth left in the share price.
IMG is a gold growth story, a producer of 1 million ounces annually.
PDN a U308 growth story, also a producer with 2.2 million lbs annually beginning in 2008 and ramping up to over 3 million in 2009.
I am bullish on all metals going forward, with much volatility as the U.S. deals with their econonic mess (and Dollar) over the next year.
The best is yet to come.....
Cheers...Mad