Re: Buy time again
in response to
by
posted on
Oct 11, 2010 10:54AM
Thank you for this valuable post, Koetjeboe. Hope things are flowing as well over there as they are over here. Sure there are some difficult times, but there always was and will always be. But if you are complaining about something not going your way, then do something else and try and solve the problem with some happiness.
With that out of the way, I like how you describe what you see in the charts. I'm not good at reading charts. My son is and we have some good talks on this subject. It takes a lot of studying and for me it is hard work ( at this age ). So I get on and do what works for me.
I see with how the stock is trading what you describe. There are sellers like there always are, but the buyers step in when they see the times is right for them, and so these charts take their shape that some are good at seeing. The charts are saying the buying time is running out and that will surely come. From my point of view the fundamentals will drive us. That will be positive proof that production numbers will be what we are being promised, and progress is becoming a reality. This stock has disappointed and the leadership has been in question. That cloud has to be lifted from CMM so potential investors can see the sun shine again. The golden sunshine I might add.
I have done what you are contemplating and loaded up as much as I can in CMM. The only stock I would not lighten up on to buy more CMM is GNH. The wait can be painful so I do sympathize with the impatient to some degree. But look at the bright side. What better stock in the gold realm is there than CMM? Don't tell me GNH. That MIGHT have more potential, but it is not as sure a bet as CMM for safety. CMM has what GNH hopes to have. CMM is money in the bank as i see it. We must remember though the old advice. There is risk in everything we do and never count your chickens before they hatch.
Happy Thanksgiving.