GREY:HRIVF - Post by User
Comment by
saile1on Dec 22, 2010 11:00am
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Post# 17882084
RE: RE: RE: Negative press is the NORM here!!
RE: RE: RE: Negative press is the NORM here!!
IMO this HRG story is getting too long in the tooth.Those longs that are waiting to cash in are / have missed out on many past / present opportuniies over past few months that have or are in the process of providing far greater returns by much "friendlier" companies with lower risk.I lightened up substantially and do still have a position in HRG.For example ,Avion Gold (similar profile) announced not dissimilar results than HRG around same time at a price of around 72c. AVR now trades for around $1.60 and climbing.Also, AGG seems about to do same.These companies also operate in the same geographical area as HRG.
My point here is to not recommend buys.It is to get the point across of opportunity cost to holding and not falling in love with a stock through pride or whatever esp when dealing with a high risk company like Severstal and it's apparent CIBC representative trading house.Yes I am an original investor and continue to hold 50k shares but....