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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Post by bond46on Jul 11, 2012 12:51pm
341 Views
Post# 20102715

re: WTN all over again

re: WTN all over again

If you recall at the hight of the crisis in 2008-09 the price of WTN and GCE went from around $8 to 55cents. And the speed of the drop was elevator like. You don't have time to think. All coal stocks of this category are very volatile. That is why even when they are profitable their P/E ratio ranges between 5-7 reflecting the poor quality of the investment, coal, and also the volatility of the sector. With WTN and GCE, I sold at the bottom and lived t o regret it later. Despite the problems at CMK I will take my chances this time and stay in. Don't need the money for the kid's milk. Besides the stake is too big to liquidate. So I'm not selling, Probably I will add positions during the tax selling season in Nov., Dec.

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