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Message: Re: Sentiment is extremely low in the PM sector
2
Dec 17, 2011 09:01PM

"if I had the guts to sell at a loss and buy back at half price I know I would be better off"

Orgprophet, I did exactly that in April/May, then again in September on my theory of buying back much cheaper on TSXV tax-loss selling.

I debated quite a few people about it but stuck to my guns that EU problems would mean two things for juniors:

  1. Selling pressure from Euro funds that had previously invested and now needed to shore up their cash reservers
  2. Diminished funding from Euro funds for the same reason

I've started accumulating opportunities over the past couple of days including Avalon Rare Metals and Levon Resources. Have a couple of more in my sights such as Evolving Gold but not chasing anything and strictly waiting to see which stocks have greatest capitulation this week.

Regards,

George

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