GREY:GRFJF - Post by User
Comment by
Orwellon Sep 18, 2008 9:31pm
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Post# 15468615
RE: What a friggin dog.
RE: What a friggin dog.There is nothing wrong with management--these guys are good.
They went out and got trucks and equipment ahead of other companies who were trying to obtain the same things, i.e. they have connections. WGI is still a relatively new company, as such, some people have had stock from incredibly low values, all low value hands need to be washed out.
Moreover, there were alot of of people losing their lunch when the stock went down to $1.20, so they promised themselves to get out on any bounce. So we had a bounce, and they sold into it today.
But then the stock came back, and closed at a good level.
The action in the gold market recently has caused me to get back into gold stocks such as WGI, IMG, LSG, KNB.
I bought more of WGI again today once it went below $1.60. There is no cash out there in this financial crisis, that's why the central banks had to print and pump 1/4 TRILLION dollars into the system today. The big players are trying to get out of banks and money markets, and the are "breaking the buck", i.e. the cash is not there.
The only thing real is gold in your pocket, or a company like WGI (unless the government nationalizes the gold mines).
O.