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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: EDGY considered selling today???

Re: EDGY considered selling today???

posted on Mar 06, 2008 04:47PM
What makes perfect sense to me is that I would have had some cash sitting in an account waiting for an opportunity that was not coming because of the PM slowdown, hence not making me money, this way I bought shares at a low price in January and will resell at a much higher one. In the end I get some spare cash and they have to pay more if they want them.

Like I said I had thought of selling at $2,02 ( this was in February ) and that there was no end to this beating down on the share price but once I saw a change coming I changed my mind, withdrew my offer and now am just wondering whether and if to continue with the same plan but at a much higher price.

As many of you may see from my posted table, I often paste the real time quote/depth to tell me what is going on. Similar to charts for some of you with very long term views I make my decision short term wise as to where and how fast the price is going on the fly from such things.

Now I suspect the 'Wall' is broken and a new psychology applies to the game. In other words the shorters while not defeated, are on the run. The truth will come out tomorrow. Would be nice if silver and gold prices would come up to support us.

May I suggest that many institutions ( big money by another name ) are waking up to our resource and opportunity now and just may carry the day tomorrow, because us individuals ( speaking mostly for myself and my relatively small hold ) have little influence on the share price.
There is a method to my apparent madness to selling at anywhere near this price. There could just as easely be a down turn to the share price tomorrow and selling today I would have had some cash to buy back. As it is I think that the odds are more in favour for the rise to continue and I will wait. Secondly, I am open with my trading practices and opinions for anyone to criticize and thus perhaps give me a benefit of their wisdom ( as long as it is done with respect ).
Last I think I am setting an example not by saying that I was willing to sell but more so that I withdrew from selling for now. Of course it is with an alteriour motive in mind - getting a better price, why else?
And I am willing to wait a few days if I have to for a better price than today's.

Good luck to all who are patient for they will inherit.
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