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Strategies & Market Trends : Ride the Tiger with CD
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To: Rocket Red who wrote (47260)3/30/2006 11:38:19 PM
From: lehiguy  Read Replies (2) of 313013
 
Come on Rocket. You really think DJE will be under a buck? They had one dry hole. Granted, it is a big one and psychology from this is bad, but this is not worth knocking off 60% of their current market cap. They have too much else going on to go that low. You have been down on DJE since selling them near 1.20, but they have continued to climb. I distinctly remember this same thread ecstatic about CKG recently and doing the same guess work about where it would open and end the next day after their merger announcement with AAU. Many thought it would open much higher, even double. Well, that obviously didn't happen. What should be discussed is not where it will open or close tomorrow, but how this event will affect the company in the next year and further out. This seems to be more objective than all of us guessing the price tomorrow. As for me, I am holding and disagree with it being under a buck tomorrow. They have advanced further in their uranium assets than many juniors hotly thrown around lately by some of us, have 20 million to spend, are continuing to develop relationships and ways to make money (oil sands), smart people recommending them (yes including Dines) and have excellent management. To me, a dry hole at Tinsley was a good risk and it didn't pay out. It aint worth selling them at this early stage.
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