Price at this conjecture means nada!
in response to
by
posted on
Aug 08, 2009 08:45AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
With 8 to 9,000 hedge funds circling the globe, whose managers pocket 20% of profits, gold producers will at some point become the "flavour of the day."
On that day forward any exit point set today becomes superfluous! Thye cycle becomes "vicious" with all or nearly all moving in to protect their "turf!" (and of course the managers protecting theirn jobs)
When the above practice becomes identifiable, an exit strategy become critical, or you simply become a statistic as the stampede for the exit dashes even the best intentions!
IMHO, this is an entrance price, with an exit not even in site!
RUF
PS: I appologise for the big print, but have no time to change it!