To Sasha: Gee, I don't know why GLB is in such a narrow trading range...when I once talked to Murdo when I first got into GLB & Flag. I asked where I should put my investment. He thought GLB was a good bargain, too. I got in at C$.06/share and now its C$.50. Maybe I should sell as its
at a 8.3X multiple. Also, Flag has risen seriously, but GLB much more. I've said it before, and I'll say it again, when you invest/speculate in plays like Golden Briar & Flag, you are speculating in fundamental basis, not technical analysis. That is, you are betting on major events, not tech analysis that may apply to run of the mill stocks. Also, the relative short term obviates tech analysis. Not completely of course, just that its not the primary factor. So, the point is, when the strike proves out, you won't have to worry about narrow trading ranges!! Best Wishes, TOM |
