True Confessions -- Admit it -- you bought <i>that</i> stock Message Board

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Pastimes : True Confessions -- Admit it -- you bought that stock

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To: yard_man who wrote (935)	11/19/2009 4:43:33 PM
From: Real Man	Read Replies (1) of 990

It wasn't a trade, and it was bad. Had to dump at the down trend. Still have overweight positions in major SA POSes. At least they are not at such risk of liquidation before gold really takes off. Fundamentally this POS seems to be finally toast if POG drops in Rand here short term (which is a realistic fluctuation), at least that's how I read this situation. It's uncomfortable. Maybe someone else reads it differently, or it is different, but I've seen too many stocks go to zero lately under the circumstances. The POS has bounced from the important level, and the bounce may last. It is always sharp with DROOY -ng- Drooy could go to the sky, but it has to live, it's the latter I am not so confident of lately. It's depression, some companies go to zero. You can buy them cheap near zero, but they keep going. -g- With HMY, GFI, or AU, they can shut down a mine and be OK. With DROOY, they did it quite a few times already (production is now a quarter of that in 1999), and they have very few left. That mine is one of their 2 major resources and their only mine that's actually not shut down. A miner without a mine is not worth much -g-

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