RE:Don't worry, be happy ( the music in the background)staz wrote:
Grandich and his admirers/followers on this BB sold their holdings even before LUN announcement on July 16 after the market close.In the $4.30-4.40 range. Smart move , heh. Now Grandich promotes TGZ as an investment that holds better potential. Really? NSU has a floor, $4.75. Upside is not defined but $5.88 as a median analyst's evaluation can be used as a bearing .20-25 % upside. Downside- 0. ( As much of assurance as the stock market can give). "Thanks to profits from the sale of Nevsun Resources (which was my largest ever individual holding), Teranga Gold has now assumed that role." Well, first of all he missed the ride from $4.3-$4.4 to $4.9. Secondly, with TGZ it is in my view a bit more gamble than with NSU now. TGZ can go lower, he says that himself. Actually, I don't care what he says, we will see for ourselves. NSU has much less chances to go lower. Almost none. Point here is to do own thinking and analysis instead of awing some guru who actually missed the jackpot after a year and a half of suffering . And now, when the time has come to reap the reward, it looks like he was just happy to get his initial investment back , get out and get in to some other risky endeavor . Way to go.
Not that you can always finesse (time) these things perfectly, but as an investor in both TGZ and NSU, I expect TGZ to go a little lower, and NSU to go a little higher. A 10 % in each case would make a huge difference to ones portfolio. 15 % even more ! IVN is another case in point. Could hit the low 2's or worse. For those wanting to switch NSU profits there, patience might be a virtue. Good luck if you are in either camp. I am in both. (for now I'm 80% out of TGZ and 80% out of IVN, and 70% IN on NSU having sold some at $ 5.06 the other day) MM