Re: Any guess on "post permit" share price?
posted on
May 19, 2008 05:50PM
All good answers guys (and gals). It would be a shame to lose faith at the 1 yard line. From 80 cents to say...6.50 (I think 6.50 would have been easy from the 3 dollar level...it already went to that after the Cramer pump a couple of years back) is a big jump....an 800% increase in one trading session? Is that possible\likely? It just seems that with all of the bad press relating to nationalization, Ortega's big mouth, etc. that investors may be a little more leery than a year or so ago. If they had just issued the damn permit last June (like a normal country) we'd be sittin' pretty right now...especially with the performance of gold over that time period. On the other hand...investors that haven't been burned out from holding this stock and are entering fresh may have a more positive outlook. These funds are ruthless. They may be holding long term for the buy out or they may sell the pop never to look back at Venezuela again. Hard to say. I don't want to be left choking on their dust...but I don't want to sell prematurely after shortening my lifespan by living this drama for the last year and a half either.