Re: Free Fall?

First Mining Gold

First Mining is a mineral property holding company whose principal business activity is to acquire high quality mineral assets with a focus in the Americas. The Company currently holds a portfolio of 21 mineral assets in Canada, Mexico and the U.S.A.

Reply New Message

Prev Message Back To Forum Threaded View Next Message

gamblor77

Rank: President [?]

Points: 10521 [?]

Votes: 67 Score: 4.2 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: Free Fall?

in response to

Free Fall?

semismart

posted on Nov 09, 2010 04:38PM

hahaha I think we have all felt like that at one time or another (inluding myself today). I don't know why I'm laughing because I've got a paper loss of around $3000 for the day but tomorow is another day I guess lol.

I have a sneaking suspision there are many factors in play here such as the

-price of gold dipping and people losing enthusiasm
-profit taking after a quick run up
-potentially shorts trying to drive it down to cover their A$$es (mainly someone from TD by the looks of the L2s today)
-People wanting more results to justify the higher price
-G20 meeting and the impact on the economy etc etc etc.

Unfortunately I should have had more patience and I normally know better than that but GCU still looks like a really solid prospect IMO but today was a bad day and the stock had a pullback. Sometimes it goes like that, what can you do? :S

Hopefully tomorow it's done resting and is ready to make another sprint to the $2 mark. I'll continue doing countless hours of DD and will keep my fingers crossed.