TSXV:AUN.H - Post by User
Comment by
zzthnxon Jan 01, 2009 12:52pm
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Post# 15676294
RE: RE: RE: RE: RE: Jay Taylor
RE: RE: RE: RE: RE: Jay Taylor"Based on that rationale, we should sell all stocks and hide under ourbeds...very disappointed with his recommendation to sell at the bottom."
Yeah, really. I mean, even if he turns out to be correct, AUN and others like it that are so beaten down to a pulp will double before heading back down again. A more sanguine recommendation would be to sell after the stock has recovered a little to just extremely undervalued from totally firesale priced.
Well, based on his track record with AUN, he has no credibility with me. He was saying to buy in Nov. 2007 at around $1.00 and then again a few months ago he was saying buy at around .23. So if one had followed those recommendations and sells now at .11, you're talking major losses of 80-90%. So say now AUN starts recovering and signs the financing deal for Shafter and moves back up to .30 or .40 in a few months and meanwhile you gave all your AUN shares away at .11? Who's going to be kicking themselves then? Does it really seem plausible that AUN is going to head down from here to .05 or so and stay there, with 70 million ounces of silver in the ground?
Anyway, that's my two cents. I think it's crazy to sell now, but to each his own.