RE:It amazes mekaread wrote: That anybody would sell at this level. With the increase in the price of gold, CXB is just as undervalued as it was at $1.30! Sure, I can see that there might be a possible pullback from this level given the quick rise, but you had better hope you're quick with getting back in if you're trading. Besides, if you sell at this level, whct are you putting the proceeds towards? Either a different gold stock, or a GIC? I don't see any scenario where I sell unless gold itself begins a new downtrend, and I guess that's what the sellers are figuring is going to happen. Personally, I don't see it. I see $2,225 within the next month.
And always amazes me to hear something thinking taking a profit is a bad thing or unbelievable thing. I believe there are a lot of MOZ shareholders that have had a lesson in this as well on the ride up to $3.72 and back to $0.51. A hard one. Sure, things look rosy but anything can happen at any time. And with the current cash cow grazing in Nicaragua that will always be an issue but also numerous other unexpected events can always occur (esp POG related).
You must also realize that there were millions and millions (100M-200M+?) shares of MOZ traded around 50-70 cents in the fall. I believe a lot of this was just back and forth but obviously millions fell into hands that held them. That's CXB at $0.81-1.14. That's a great gain in a few months. Every penny up on CXB involves a lot of effort with the shares that come ouit.
tC