EVG Headwinds!I missed yesterday's market action but I managed to read the results before I left. I for sure thought we would break $1.25, but yet again EVG makes little ground if any on very nice results. Obviously we are up against some strong headwinds right now and imo manipulation is definitely one of them. The belief in manipulation is to each their own but I consider it rampant throughout many areas (how the hell does one think we got into this current global crisis in the first place? It sure wasn't by being honest!) and imo naked short selling is manipulation as well as others such HFT playing "hot potato" with a stock, the list goes on so believe what you will. Anyways I'm no seasoned investor, but I've been around long enough to know good results and EVG's are very good and the bottom line is they're proving there's a lot of gold in an area that has seen very little exploration. As a matter of fact if a couple of my other gold plays produced comparable results; they would fly! Last summer I was in a Nevada play that produced similar results as yesterday that provided a 20% gain - not bad for a 300 million share company. So basically it boils down to whether one believes in their dd to stomach the sp fluctuations in the short term. I myself am tucking away my shares and disregarding the negative noise for I believe EVG will have it's day. When that day will come is anybody's guess but I'll take a stab at it and say right now we are seeing an overall flushing out of weak hands in the fundamentally sound stocks, for gold is testing the patience of unsure investors; during it's period of looking like it could go either way. My guess is gold will continue to stumble for the next week or two but by the end of this month it will get up and brush itself off to climb to $1500 by March, which imo will set up EVG for a nice upwards correction.
As for the preaching that gold will go to $2000 and higher by some loud voices, they obviously have interest in seeing such just as we do in our own investments, I wouldn't hold my breath though; for it's guaranteed to be a long and drawn out battle.And even though Mr. Sinclair's been calling for gold to go to these current heights for the last few years, it took a long time to get here, but one would swear that it would of happened a lot sooner going by his words. I appreciate his enthusiasm but there's that dam manipulation that always gets in the way and should gold go to those levels you can bet there will be many attempts at flushing out weak hands before then. That's where Sinclair's prediction that gold will see anywhere from $50 to $100 daily price swings in either direction will come into play - should be fun! But definitely not for the faint of heart as many will surely bail on such swings.
Anyhow I don't think these EVG will last for long, but it's obvious there's much interest in seeing it does.
Jan 12, 2011 BUYINS.NET: AIXG, PIVX, EVOGF, Have Been On The Naked Short Lists 13 Consecutive Days
"The failure to deliver in shares of EVOGF has not been resolved and a buy-in is expected."
I always try to post the link to any article from the net but lately Stockhouse isn't letting me on the grounds that it contains profane words?? Anyways a quick google search will take care of that for anybody who's interested.
GLTA!