GREY:OLEPF - Post by User
Post by
tony1969on Feb 24, 2013 5:40pm
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Post# 21035866
Sit back and analyze what has happened in the.....
Sit back and analyze what has happened in the..... last couple of months or so in the entire junior market. Take into consideration what has changed in the world in the past couple of months or so to justify this collapse (there is no other word) in this sector. There is much more debt, more money has been printed, countries like Germany want their gold back (they have to wait)........Whether gold goes up or down from here (I belive we are near or at a bottom here) there is a complete DISLOCATION from where values will end up in the near future (3 to 6 months). Yes I hold lots of OLE. Yes I am frustrated like all of us longs are. This is part of the GAME we all play.
OLE is a stock that has value. It is a stock (unlike hundreds of stocks on the venture market) that investors are not waiting and praying that they come out with a decent NR 43 -101. It is there for the world to see. We have more than enough proven gold to justify a much higher share price.
I am 43 years old. I have been trading for 26 years. You buy when it looks like it is the end of the world in any sector or any market. There are no exceptions. If we are not at the bottom here, we are pretty close. Gold might go lower but the junior market has been decimated to such an extreme that even if it does go lower there are countless more than viable projects that even at $200 lower make economic sense. OLE obviously being one of them.