RE:RE:RE:RE:RE:RE:On Fire!"In this business bad things happen to those who get too greedy."
some would say trying to market time to get MORE PROFIT than just holding an investment is the one who is greedy. bad things happened to the guy who sold at $1.10 thinking he could buy back at a lower price. it all depends on the company. for an exploration company it may be better to market time, but for companies like kl and knt that continuously increases high grade oz and increasing production and cashflow, trying to market time can result in missing the boat, especially in a gold bull market.
Retiredgeo wrote: Warren Buffet is a long time shareholder who doesn't play short term market ups and downs. I am a short term trader who does. I have now bought and sold KNT twice over the last year and am now in a cash position for a third time through the merry go around. The next market correction should give me that opportunity. Warren Buffet's purchase of Barrick is just another sign of the impending correction in the broader markets.
For a one mine penny mining stock mining in the third world $6-8/share or 1.5 billion market cap is a very fair price for KNT and will continue to be a fair price after the next market correction. That is why I will buy it back! $7 was a fair price, middle of the range. In this business bad things happen to those who get too greedy.
Good luck with that buy and hold stuff!