RE:Today's TD Update
Thanks, Ridgeback. Great read. These guys, "analysts" , we criticize them a lot but they have an access to much more info than we do. And, in fact, what moves the SP, sets support/resistance levels is the opinion of these guys. If I start a position or unload it nobody will notice. When they do it defines SP movement. $2.29 held pretty strong today,just $0.02 below yesterdays big drop's low and that's on the backdrop of gold going down $25. I think P won't go too much down from here. Lost ~20% already. With high prospects of gold going further up this one is one of very few gold miners with pretty solid fundamentals but beaten up a lot. Many others I follow moved 200-300-400% in 4-6months, you can't catch up with most of them now, too late. Primero's SP is around the same level it was in February, when the gold was ~$1200. On the other hand, no reason to risk own money on something which has no prospects except to go belly up, no matter how high the gold price can go. My personal opinion is that P is not like this. It's great to hear what professionals estimate. Thanks again and GL.