What are the options here, why stay +ve... (was gold up)Yes sorry to sound over the top on some of this, I know, and believe it or not, I have been restraining myself and posting less than I might have posted. Usually on a message board, especially non mining, I am like anyone else, and don't have much to say.
This is a case of "every dog has it's day" and so I have been having my day here, and claiming my 15 minutes of message board talkativeness as well. I think LovesAu is authentic, not a bear looking to make bear talk, he is ok on this. However, he is says I am not being accurate, because he sees earnings at 0.07, however, he missed that I myself was only looking for 0.10, so I may be closer to his viewpoints than he realizes. Next quarter an on, we may diverge more.
I wrote about the positive ways to view this, while that it was descending to a bottom and turning the corner, and while I was still yet to finish buying for myself, so in a way, I was competing against my own purchases, not talking my pre-existing book. The time to be positive is when it's at a multi year bottm, and negative talk is all around. The thought of myself having an opportunity to be helpful, but then not doing so, and not even bringing forward some positive explanations, was not an option that I could accept for myself.
I still this as a situation where there are only two actions for an investor/trader to consider, that is to go long, or to stay in cash and observe from the sidelines. There is no short trade here, none at all, it's actually a very rare situation where a person is essentially given mathematical proof that they should not bet against this regardless of the optics, and how it all might sound. Obviously, many people do not agree with me, but I can say that I did help, I even sincerely tried to help all of those with short positions.