RE:RE:I said 5 %
Timing - it is all about timing guys. You know that. This is my 2nd time into BAA. First was years ago at $2.00 range and sold over $3.00 Kicked myself later as it went to over $4.00 and was shocked when I saw it some time later heading to below $1.00 I placed it on a 'watch alert' with settings and after it started to rise from its 52 week low, I bought back in at over $0.30
So, yes, if one bought and held - BAA is terrible. Maybe averaging down would work.
Putting that aside... .is BAA a buy now at $0.40 is the question with the financials, gold prices, mine status, and future prospects ? Forget about the $4.00+
I am not a buy and hold investor. Every stock seems to hit the toilet again at some point, it like the old game 'ker-plunk' .... when will the final removal of a toothpick cause all the balls to collapse ? Example: LinkedIn When they posted financials that were weaker than ANALysts predicted, stock tanked in 1 day.
So if it is about Financials and future potential.... where does BAA sit ?
I feel the next few quarters will be great and 11 months out an easy double from here, at least, in share price. Place your bets.
If I can get $1.50 .... I would be happy and most likely out of the stock by then for the most part - depends on what is happening in the world and gold prices.
SD