Aurum09, if you follow me on Twitter (or ask any number of high profile traders on Twitter), I've been setting up for a heavy tax-loss selling period for more than 3 months now.
My thesis was dead on as The TSX Venture hit 1,404 the other day. To this end, I also discussed Avalon Rare Metals, Levon Resources, Timmins Gold and other juniors that were massively oversold. These were meant to bash, these were meant to share my ideas with others. That is how financial communities work.
I'm flattered if you think I was able to cause the TSXV and individual juniors to collapse over the last 3 months ... but before I accept your flattery, take another minute to consider whether you might be overstating my influence just a little bit.
In the meantime, you can bury your head in the sand but that doesn't change the fact that EVG is trading under 30 cents ... and looking attractive again after taking my losses at .52 and publicly disclosing it here
To this end, in keeping with my year-end theory, I took quite a few losses in September in order to free up cash and buy back shares at much cheaper rates this week. Here we are. I didn't make it happen but I'm glad my theory was right.
Regards,
George