TSXV:AAA.P - Post by User
Post by
godmanon Jun 10, 2011 9:35am
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Post# 18698230
Note on stock recent lack of movement
Note on stock recent lack of movementHere has been my experience, eg CUU, I bought in at .35 to .55, it went immediately, over three weeks, to .90. Then pulled back to mid .70s for over 5 months. I got bored waiting and heard about AAA on Cuu board and started to investigate and liked what I read. So I sold half my position in CUU, with the intentions of going back in at a later date, I bought AAA at .80 soared to over $2 in three weeks and I was feeling pretty smart, BUT CUU started to move and at 1.03 I said to myself I should sell my AAA for now and get back in CUU, but it got away from me and never really corrected till it hit 2.75. MORAL OF THE STORY, PATIENCE in this game. I did well but I could have done better with a little patience.
AAA and CUU have pretty similar charts. When CUU went ballistic their was basically very little news. We have had a lot of good news lately in a very crappy market, which has allowed us to hold our own, plus people are nervous of markets and African market especially. Some other African stocks I watch with good reserves have really taken a beating. Better markets will see this stock soar. If you think about it even with the last RE at 104 mil tons divide by 24% =25 mil tons of product, that is 25 years of mining at 1 mtpy and then just add hole 12.