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Strategies & Market Trends : Value Investing

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To: Difco who wrote (48493)6/29/2012 2:51:28 AM
From: Paul Senior  Read Replies (1) of 78687
 
Difco. I've not heard of NSU before. This one I would have to look at closely to understand why I'd want to add it to my small basket of gold stocks. Earnings seem fabulous now, but this year seems to be the only year in the company's past in which the company has had positive earnings. Need to know why and if such good earnings would likely be sustainable. I'm kind of overwhelmed right now with what I believe are opportunities in the market --- I don't have energy for stocks like NSU that seem obviously questionable and require time and effort to understand the risk vs. reward with them. Certainly am willing to listen though to your's or anyone else's opinion here on why they would be buying the stock, if they are.

"Do you like Barrick Gold (NYSE: ABX) at the current price levels?" That's an interesting question since I did say in the post that I added again to my position today. Maybe my 25th or more add since I began buying in March at $42.
So I will say this, actually, no, I don't like ABX at the current price levels. With trepidation and reluctance, I want the stock to go down further so I can buy more-- or better, I want the stock to move up to where I might show green instead of the red that's now on so many of my purchases. I don't want the stock to stay where it is (at current price level. If you are asking me whether I might suggest the stock now as a buy for you or anyone else, decide for yourself. So far I seem to be wrong with my original small buy and 21 of the 25 or so adds I made to it.
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