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Silver Standard Resources Inc SSRI

"SSR Mining Inc is a Vancouver-based mining company focused on the operation, development, exploration and acquisition of precious metal projects."


NDAQ:SSRI - Post by User

Post by RichyRich$on Oct 06, 2013 10:55pm
157 Views
Post# 21795335

This Stock Doesn't Move by Logic ...

This Stock Doesn't Move by Logic ...I agree with AngelEyes though. This stock doesn't move at all by logic. By the end of the Q2 report nothing changed fundamentally but SSO ran from $6.00 to $10.50 in a few weeks? Some articles said that was a dead cat bounce but I think this is one of those stocks that likes to nose dive and rally just as hard regardless of the fundamentals and financials. A small rise in Silver from $22 to $25 shouldn't have made SSO almost double in August just after a bad Q3 report. If it doesn't behave logically then right now would be a good buy. I'm actually not down money from SSO as I stayed away since June. I'm looking at this price as a way to make money and not hoping for it to go up just to break even. I know the feeling, doesn't feel good. I don't mind taking the risk at this price as even if it drops to $5.00 I can weather that. My main concern is that it doesn't go bankrupt and we lose it all! If the share price is now close to its liquidation price, it could be a buyout target, however, other mining companies are too hurting now as well and can't buyout others. They say October is the worst month for gold/silver historically. I'm wondering whether to buy back tomorrow or wait to see if she drops to $5.00.
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