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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: AuBug who wrote (35044)3/6/2007 9:05:58 AM
From: jackjc  Read Replies (2) | Respond to of 78421
 
No the PP holders are tickled to salt down a triple which has just
come off hold and I can't blame them. Those are very real profits,
not imaginary.

I have not sold any of my PP sh.

The PP terms were much too generous but unfortunately were necessary
in order to raise the cash necessary to complete the fease.

Holders kept selling down the price, and PP had to be lowered
several times to give the incentive discount. Holders had mgmt
under the gun, and the result was a terrific bargain.



To: AuBug who wrote (35044)3/6/2007 10:05:17 AM
From: Mr. Aloha  Read Replies (1) | Respond to of 78421
 
The trend is your friend and the trend in MMG is very clearly down. Short MMG, don't buy it.

Sure -- at .80 the trend was clearly down, so you should have shorted then, too. At $1.51 in October the trend was clearly down, so you should have shorted then, too.

I'll stick with accumulating on these successively higher lows caused by non-fundamental reasons rather than selling on them. I prefer to focus on the fundamentals and the long term, and IMO MMG will be many times the current price over the long term. Those who sell out on short-term volatility will be kicking themselves in the end.