The last couple of days we've witnessed a nice little run up. My feeling is that the stock will dip again, probably down to the .27-.32 range over the next few days. Based on what I have been hearing, the month of August will be just as stagnate as July. This thing will probably start to run come mid fall. There are still to many hinderances and obstacles for CYJ to show its true colors. I firmly believe that management is taking the cautious approach and awaiting for the right time. Keep in mind, with such speculative stocks, promotion and timing are keys. Yes, some definitive assay results would be nice, but there still seems to be very dark cloud still hovering over most juniors. I have spoken to a few key brokers in the mining industry and one common thread is crystal clear- Unless there are some SPECTACULAR results, most brokerage houses are still shying away. This summer is a write off. I just hope that this sector can start to recover by fall/winter. Patience is key, because I believe that eventually, holders of CYJ will be rewarded, but it will take time-and lots of it. With all the talk by some HYPSTERS (putting it mildly), we all know whom I'm referring to, that this stock is a $20-25 play is based on wishful thinking, with no validity or concrete evidence. Hey, we all want to make money, but many of us become blinded by the dreams of others. There are some definite attributes of CYJ that I like, and time will only tell if our instincts and DD will be rewarded. In the interm, I hope that most of you are not placing all your eggs into this basket because it has and will continue to be a very rough ride in the short term.
Cheers,
Zeus |
