RE: RE: ATAC SHARES GROSSLY OVERVALUED By 350%
First of all the name CaptainHindsight was a joke, a character on Southpark, and it's funny! Secondly please don;t label me, and I won;t label you, k thank you... And also you don't need to patronize me. The name is a joke ok...
. I am not here to make enemies, or argue online with random strangers, we're all clearly interested in Investing and making some money. $$$ SO LETS STAY ON TOPIC PLEASE $$$
...What I'm trying to convey is that ATC shares are over 450% above their 52 wk. low, of about $1.63, there's been about 2.5 million in insider selling, nothing to get too alarmed about, and zero net insider buying lately.
Gold juniours go through "euphoria" stages in the cycle of the company, where the stock skyrockets on positive initial drill results, like CAN, And ATC. Is ATAC the uique diamond in the rough, possibly? Growth takes time tho... ....
But after such a HUGE run up in the stock, over such a short period of time, a little bit of caution on a company like this would be wise. Also with record high gold prices people seem to forget that gold can potentially fall $50 - $100.00 in a day, I;m not saying that will forsure happen, but it is a possibility. remember how quick silver went from $48 to $35.
about 3 days.
Furthermore when the profit taking starts on ATAC, and the early investors who have doubled their money multiple times, are selling and taking profits, where will ATAC find support in a bear market, there's also the End of QE2 in 8 days.
When will ATAC's 43-101 come out?
Inferred and Indicated Resources?
Feasilbility Study?
Production Targets?
And after spendin half of their $50 million this year they are going to need more money.
If it keeps going up, I'll short it, but right now I'm am short Lululemon.
Anyways if you don;t agree with me, that's fine i'd be happy to debate it, but if it turns into personal smacktalking and bashing, no thxs. I got into with a guy over NDM, made some money, and he pissed me off so bad I bought a buffalo rifle, just wish i knew where he lived tho...