7936567 Canada Inc SWYDF

RE: RE: Such a long DOWN trend!!!

[Toramble]

Diopside, you're partially correct.
If it's a market downtrend and you picked near the bottom, there are very good chances it will rebound.
If it is going down but not near the bottom, the rebound will not necessarily go to the same point it started going down at.
If the down trend has more to do with the particular stock than with the market, chances are that something drastic needs to happen for the company to reverse the action.
Having said all this, I do not think this is the case for SWY, where the trend clearly followed, first, the market sentiment with diamond/mining stocks and then the big market slump.
As an example, I bought a few near the $1.00 mark and I do not expect it to go back to it any time soon, if ever.
I recently bought more to lower my breaking even point. I would like to have lowered more but I am not that gutsy (I only play with what I can afford to loose).
Another thing to consider is that this mine is not open and in production yet. It has proven it's minimal worth and will probably prove it is worth much more. However, it still needs to be developed. This will not happen over a couple months, but more over a couple years. That is when we might see a steeper gain, right now, with my limited knowledge of the markets, I would expect the stock to float around the 0.13 to 0.16 mark for quite some time.