GREY:ARGEF - Post by User
Comment by
longrider1964on Nov 05, 2010 3:36pm
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Post# 17665918
RE: RE: Aurox Resources
RE: RE: Aurox ResourcesYup Susan Nice story But you cant do a definitive comparison like that. The market works in mysterious ways and especially the Venture! Why does one stock go up 500% and another do nothing when they have the same fundamentals? Promotion hype momentum various different things Osisko was a perfect example. It never rocketed up like so many other gold juniors in the 2005-2006 period but it just kept goin up slowly and steadily and returned an overall gain of 1000's% up to today. But then u have numerous spec plays that move up very fast purely on rumour. Just had one called Visible Gold. Bought it at 15 cents end of July as I was in Fieldex and it was the same management. Said they had gold company and were getting ready to get it "into play" just sold it recently for 60 cents a 300% return in three months and they have nothing but land and drill plans and a recently completed placement which raised 4.8 million dollars but thats it! So why does the stock go up 300% because the market BELIEVES the story. At this point all your discussions about the fundamentals and technical points is wasted as its too early in the stage of the game. If Argex management can get the market to BELIEVE in this story with an initial flurry of good news releases then this stock will fly and $1 to $2 dollars is a distinct possibility. Will it stay there long term who knows Will it go higher? Who knows? Thats why its called the Venture because many will fly for a moment but only a few become a mine. You have to decide how much is enough. If I am happy with 200% then I sell at $1 and 500% then I sell at $2. But many people who sold at those levels in Osisko missed out on the majority of the gain but still made big money. So we as Argex shareholders have to be attentive and decide what our goals are and then sell when/if we reach them. So far Argex seems to be executing their plan very well and we will see if the market responds in the next few months. All the rest is purely conjecture on your part and mine. Good luck to all in 2011!
Longrider