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Semafo Inc. T.SMF

Semafo Inc is a Canadian mining company with gold production and exploration activities in Burkina Faso. The company's main operations are in Boungou, Burkina Faso, and Mana, Burkina Faso. Boungou is a relatively new production site that is located in southeastern Burkina Faso. The Mana project, which has been in operation longer, includes the Siou deposit, which is about 20 kilometers from the Mana Mine in Burkina Faso. Semafo has developed exploration strategies for future deposits in West Afr


TSX:SMF - Post by User

Bullboard Posts
Comment by nijinsky70on Mar 15, 2011 10:46am
243 Views
Post# 18286856

RE: RE: RE: RE: Insider buying today

RE: RE: RE: RE: Insider buying todayGreed was what did me in. 

I had an original sell target price of $12, but that went by too quickly and SP hit $14+.  Before I can react, the stock had tumble back down to $10 and then now below $8.  I missed my window and there is no point in kicking myself now.  I'm still in the money and the way I see it, if the 2010 earnings failed to ignite a SP recovery, this stock will be dead money for awhile.  Especially with so many shorts in tow doing their damnest dragging it down at every turn.  I will consider selling it af it at $9, but not at $8.  I see no further downside at $8 but getting above $10 would be tough.  Hence I'll sell at $9.  And get back at the right chance.

That's the plan anyway.    
Bullboard Posts