Post by
wwin1 on Nov 22, 2010 2:42pm
Holding long
It appears that holding this stock for a substantial amount of time will be the best play. This company has just acquired $50 million to dig more holes and publish favorable results. Regardless of the grade, gold prices (although I do think a big move will help), or tonnage there is going to be huge speculation on this stock going forward. They have done a great job getting the word out to large investors and institutions.
The day traders will likely(not for sure) get burned on this stock, just because I think the amount of volume that this once obscure stock is trading, makes it difficult to predict what the price is going to do from one hour to the next.
Best of luck to all.
Comment by
zip14 on Nov 22, 2010 3:42pm
This post has been removed in accordance with Community Policy
Comment by
Moneyclip on Nov 22, 2010 8:29pm
Actually that is 58 million + 10 in the bank for a cash position of approximately 68 to exploit. SP is holding here nicely. Expect momemtum to build this week and the bridle come off Friday! Next week looks to be positive.