GREY:STTYF - Post by User
Comment by
Metalschicon Jul 11, 2013 12:55am
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Post# 21600654
RE:Training Wheels
RE:Training WheelsThank you for your always well articulated posts.
I don't hold a position with SM&E at this time. I was even, when management announced the R/S and sold, because a company that has no cash flow that does a R/S, almost usually declines.
The Donner announcement, coupled with the Thunderbird delay confirmed my suspicions that SM&E will not have any cash flow for some time and I will wait until a true bottom is formed before I buy back in.
As of now, my target for re-entry is $1.20 to $1.
As always, I wish everyone the very best and I thank everyone for the selfless sharing of information.
However, I have dramatically increased my holdings in SAND far beyond what I ever imagined, plus I continue to buy physical metal at a increased clip, while its on sale.