RE: RE: Mc hammer says Can't Touch This AVR climed over $2 on July 5th last year, and spent most of the summer and the fall either hovering around $2 or over $2. So, I'm not too worried about the summer months at all - that's when gold is typically at its strongest, and as we saw today, AVR tends to move strongly one way or another to gold prices.
The news out today suggested that the new regime in Mali is positive towards the gold miners. But this got lost in gold's drop and AVR's pending earnings announcement.
I think there's a lot of negativity today on this Board. I would suspect some of the funds are doing some reverse window dressing leading up to the quarter-end - probably wanting to dump some stock due to the coup.
Hold the faith those who are going long. This is a good company. When things turn around, they will turn around quickly.
I'm planning on buying by tomorrow if any further dipping - could be a good turnaround starting next week. Think of it this way - AVR closed at $1.76 on Feb 28th. From these levels, to get back to that point, that's a cool 55% return. With the volatility of this stock, we will hit that level at some point later in 2012.
See below for a few analysts following AVR:
https://www.theaureport.com/pub/co/605
Go long and prosper!