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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by Stampede1on Feb 18, 2010 1:23pm
350 Views
Post# 16796232

RE: RE: RE: poor performance???

RE: RE: RE: poor performance???

Saturn

It would appear that was the case but in reality I've been tracking the events at FIS for some time and was gauging the potential short term upside vs. NAG. 

I was no longer on the fence, I was falling off of it.  

I've seen the current situation with NAG many times before and had been in this hopeful position before.  Unfortunately hope never pays off the way you expect.

The reason I left;

The large injection of new cheap shares will remove any "hope" of a significant rise with news of mine 2 permits approved.

The release of poor performance numbers for mine 1 for the 1st quarter will have a negative impact on the share value and undermine any upward momentum.  

Only news of good production numbers from both mine 1& 2 will get this stock to the next level that we all want and that won't happen until much later this year.  

In a nutshell my money was in a poor short term investment and I moved on.

GLA

Stampede

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