RE:RE:RE:Buyoutbarkingdog wrote: Stock is frustrating.....held for a while...sold bought in ...but really cantl understand downdraft with gold price firming up?
Oh I don't think it is that hard to understand. The market seems to expect some sort of a micro earnings or even a loss in the next quarterly report, so it is selling off. But this is still early days. Expenses are higher in the early days. You have to look to the future and imagine where it might be in 6 months or a year from now.
For the short term, who knows when this trend will reverse. Stocks at close to their yearly lows, just as tax loss season is starting up, well they do tend to keep heading lower for a while. I think it is oversold here, but I'm definitely waiting to see a bottom turn put in before throwing more hard earned cash at it.