RE: RE: RE: RE: rising tide Well nothing will change for at least 6 months as the markets believe demand is down and supply is high. If expectations on demand are too low, we won't know this for at least 6 months in which time we will have a clearer picture of the remainder of 2012. It all really boils down to your investment style. Are you a buy and hold for 5+ years? If so, this stock is probably for you, especially now that it is nearing the 1s. But like all juniors, their life of high valuations based on their reserves will only last for so long if a mine never materializes. We all believe this mine will happen of course, the Harper government is bound to pass it. But for every junior that actually gets to be a mine, there are dozens of juniors doing nothing. They drill, they find X amount of materials, their stocks soar to a hight based on their findings and then the bottom falls out of the stock because there is nothing more to do unless a mine actually is built. And even when the mine is being built, they are racking up debt, bringing in financing and that depreciates their valuation further until production actually occurs..... basically, as a short term play, if this stock does dip into the 1s and we have a report coming out soon, well, buy in the 1s, sell at the report. Best short term strategy available. Then buy it again when it dips and hold for months for the next stage or hopes that HREEs get seperated from LREEs in which case another bounce up.
It's going to be a very long time before this stock is back in the 5s and 6s..... wish I understood that when I bought in those levels.... but I saw the moon and thought it was going to the 15s and 20s etc.... alas, the entire market is about bubbles and this one has popped. It will be a while until it refills.