GREY:MERMF - Post by User
Post by
millionvesteron Oct 19, 2010 3:14pm
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Post# 17583474
MER shares
MER sharesI sold off my position early this morning after I saw how much gold plummetted. At the end of the day, this is a "spec stock" in the eyes of many... And when gold goes down, spec stocks are the first to have bailers.
I definitely want to get back in... Out of my entire portfolio I have about 6 gold companies I'm in. A $40 drop in gold is really only a 2-3% drop... doesn't make sense that MER is down 12%. Most of my other gold stocks only went down 3-5%.
I am sure we'll see a buyback near close...