Re: Top "News" (quotes for sarcasm)
in response to
by
posted on
Jan 12, 2012 10:17PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Yes, Soul, that pissed me off as well. And I'm sure it put the brakes to the share price, as some speculators were scared off. With the way the stock has been moving the past few days, many day trader types are drawn in like moths to a flame, hoping to get in cheap in the morning and make a quick .50 by afternoon. Price increases fueled significantly in that fashion, generally give most of it back over a week or two. Usually, though, a stock is moving without apparent reason, then, when the NR is released, the profit taking will make your head spin. Here, the NR was of such magnitude and consequence that the buying continued right on through it.
By the way, the "AUM is VASTLY and RIDICULOUSLY OVERSOLD" was right here on this board, and not only a few months ago. LOL
As I'm sure you appreciate, this last NR gave the company great public legitimacy going forward and may well have put a floor under this stock at some price certainly better than where it seemed to be heading. That floor (whatever it is) should hold so long as there is no material disappointment of the expectations set forth in the NR. It also should have caught the eye of few larger miners. I think significant risk just got removed, and that's always a very good thing (if you're long).