GREY:CLGRF - Post by User
Post by
pickeralon Sep 14, 2012 3:06pm
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Post# 20365001
Market bottom
Market bottom I thought I should post some of my thoughts for those who are interested. We are ending up with bashers on this board, and I thought I should put in a little balance on what I see. They are just my thoughts of a simple investor, and the market can change and do what ever it wants when ever, and there is always change in news that can move in either direction. So take it all with a grain of salt. My plan is to stay invested in CRJ till at least the end of Feb. but I change with market sentiment of extreme bullishness or the moving into a bear market.
We are off the market bottom, and I am up over 30% from the summer doldrums, (I missed the bottom big time, but I can live with it) but I think we have a few positives and a few negatives going forward. My goal is a normal fall with gold holding up very well with the seasonal gold hitting a high of at least $1850. I am looking for a normal high for CRJ around the end of Sept to end of Oct and not sure how we will do during the tax loss selling season, and just the year end slow down. Now a lot of what I am expecting could be dampened by the market sentiment on the next financials, and I am not looking at stellar results, as they still have a little overhang from the over supply this past winter into Seabee. The other news could be the Madsen drilling, and those results should be out before the end of the year. Then we are off to the normal highs for Jan Feb before we hit the top some time normally May to April before we go back to the summer doldrums next year.
JIMHO (just in my humble opinion)