Continental Gold Limited New CGOOF

Conundrum

[Masterbuilder]

After the haircut yesterday your emotions may be getting the better of you. That is not a good thing in the stock trading biz. The analysts, newsletter writers, bloggers and other cheerleaders who have been promoting this thing have egg on their face. They will fall back on the "Speculative" rating and remind you what that means. Speculatng is not investing. I will remind you... it doesn't matter how much gold is buried in the jungle, if you don't get permits, it stays where it is. I am curious to see the upcoming musings of the "Rah Rah" crowd who didn't ring the alarm bells after the company missed an important milestone date. Now there's a new hill to climb and another milestone probably out in 2016. Maybe Q2 or Q3? This is only my guess. If the company is smart... and I am not saying they are (or are not).... they would under-promise and over-deliver. The stock markets in general have been volatile so this thing could bounce around. Since I am not feeling "real positive news" on the horizon, I feel risks outweigh rewards. Plus, we are not far from tax loss selling season, and the infamous month of October in a 7 year crash cycle. Personally, this stock has become a conundrum. You can argue it's a BUY, SELL or HOLD. Since I dont like three headed monsters, I will try and avoid getting eaten alive and watch how the dust settles.