RE:RE:RE:RE:RE:Not really that many shares left to be soldI did the same analysis and agree. TGZ represents a small portion dollar wise of the overall GDXJ portfolio. They previously only owned approx 10% and it's not until you hit 20% that you run into takeover laws and then life gets complicated. Overall they would have lost a small % relative to selling other stocks as heavily today.
Market panic hit in today as well and probably some stop lossess too.
This is a premier value play right now...the P/E is looking fantastic at these levels relative to sooo many other stocks in this sector. I sold a few stocks today that I'm sure will be a double+ in a years time to get back in again as TGZ fits this same profile and maybe sooner.
If it goes down more I'm buying more - unless gold crashes below $1100 - and it won't - it would be illogical to do otherwise.
GLTALT