OK...Everybody: we've been here before. If you think this company does not have the goods, it's time to get out. If you think they do, you ought to be buying your asses off.
I know everyone feels sad, depressed, broke, hopeless etc., but buck up little campers. They either have the gold, or they don't. If they do, this is another massive buying opportunity. If you bought at 9 or 10 and you cannot buy any more, take heart in the fact that you have NO CHOICE. You've got to hold, or you could be kicking yourself verrrrry hard.
It's normal to feel BAD right now. That's why some are selling and selling hard. Look at the volume. Some one just capitulated (right RM??) They gave up. That's understandable. Someone also bought. People put over half a million into this stock today.
Here's the story. Naxos needs Wall St's money. Wall St. needs Naxos to prove the gold reserves in a standard fashion. They would also probably prefer no regulatory issues (read ASC crap) hanging over their head. Naxos is working extensively on solving both problems. The drilling program as proposed (and already commenced) is as big as any ore body has had. There are several lawyers working with the ASC to resolve that issue. If all that is resolved, and there are strong indications that this is the case, this is the buy of the century, the proverbial overnight success that takes 10 yrs to be achieved.
The market is about emotion. If you feel bad about the stock you sell. If you feel good you buy. How did you feel last time the stock was down this far? Did you buy or sell? You were bummed out and you know it. Emotions are one thing, but acting on those emotions is often foolish or premature. Be logical as best you can.
If you just can't take it -- get out
Or no... that's just my opinion. |
