It's not for the compelling beauty of its chart that i hold bay, it's for the fundamental value ... not a trader's stock at this point you're right, and you are a trader with a short-term outlook, maybe it's not for you ... but i see how you stuck by adx when its chart didn't look all that hot, based on what you knew about its prospects ... well for me a number of resource plays remain attractive for the same reason, bay is just the pick of the lot, even if silver hadn't been showing signs of stirring the last few days, the deposit is rich enough to make money even at cheaper silver.
Some day/week/month coming up it will make a quick flip, one of three things will happen -
1. silver moves in a significant manner - bay has huge leverage to the PoS
2. a major is going to make an offer which will start up a bidding war
3. both of the above
As you may have guessed, i like no 3 best -g- ... the chances of 1 or 2 happening have a high probability, and to put a timespan to it, well each day is a day nearer whatever is going to happen ... with Winspear i fumbled right when it mattered the most - cleaned out the last of my house money shares just before DeBeers made the offer that doubled the PoS ... fit of pique over yet another PP issue ... well, not gonna do that with bay, especially considering that it more clearly has attractive economics ... now some will sneer at this approach, call it bagholding etc, but it is the sort of thing on which i cut my teeth ... remember back when they called it 'investing' -g-
4.50+ by Christmas, i betcha ... that's a triple. |
