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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: marcos who wrote (125198)7/24/2008 10:44:57 PM
From: robnhood  Read Replies (5) | Respond to of 314095
 
There are virtually no buyers in the junior PM sector.
Stocks that are fundamentally worth much more cannot catch a bid and slide every day.
I do not think that this happens often if at all.
When the techs slid to nothing it was because they were worth nothing.
This is not so for many juniors like BCM, AQI, ARU, DMM, and several more that are selling at huge discounts to what they were a year ago, even though the size of their finds have increased as has the price of silver and gold. A year ago they were not frothy either.

This IMO is a need for cash, coupled with no cash to invest, and a deep fear of the market in general.
This is a section of the market that is taking quite a bit of the brunt of the general malaise.
BWDIK?