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Bullboard - Stock Discussion Forum Sandstorm Metals & Energy Ltd STTYF

GREY:STTYF - Post Discussion

Sandstorm Metals & Energy Ltd > If you dislike the stock. Don't buy it.
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Post by doomz78 on Aug 23, 2013 10:37pm

If you dislike the stock. Don't buy it.

Have some vision.  Predict what will happen in your mind.  Have an entry point.  The stock has already been ramsacked.  All the bad news in the world is priced in.  Can things get much worse?  Im not sure if it's possible.  I bought at 1.16$.  I will be content for now.  I may buy again if it drops  to 1$ again.  Looks like Sera Pelada will come online in a few years.  Patience and more patience may be in order with this wounded animal.
Comment by elmothefearless on Aug 24, 2013 3:44pm
I hold a large position but I won't purchase more.  Nice purchase at $1.16 though.  If DON pans out, and CSI comes on without any further hiccups (knock on wood), you bought at about 2x cash flow.  Could end up being an insane trade/long term hold.
Comment by fernnav224 on Aug 24, 2013 10:18pm
This post has been removed in accordance with Community Policy
Comment by zentrarianNZ on Aug 25, 2013 12:25am
Can things get much worse?  Im not sure if it's possible. If the last two years have taught me anything, doomz, it's that things can always get worse! However, it's starting to look like SND may have bottomed out. I topped up my position at 1.21, but like you, I'm content with what I have now and will probably only buy more if the price drops precipitously from here (with no ...more  
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