Re: Rollercoaster days
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posted on
Jan 28, 2010 09:37PM
Edit this title from the Fast Facts Section
wolfster....re gsc..i guess it depends on where gold ends up itself. There is some strong selling in stocks that may rattle the longs but I believe that is the purpose of the game...I did think gsc could go to 2.85 canadian or so at the worst, but I'll look again tommorrow. Personally at this point the lower the better for a steal. No I am not selling but have added some and will finalize my pos. when gold does it's thing. Really not concerned about gsc and a number of analysts have ment. 6.50-7...and I'm sure it can get marked up higher as reserves increase...now having said that there are lower target 3.60-4...but these have been on the stock for awhile. even when it was at 4.50...no just going to sit with it until it rises with gold.....I mean look at some of the golds...img to just over 14 today..yri to 11....they're all coming down and will rebound when the time comes. If I thought it was over for gold I would have sold awhile back,,,,but I'm taking the stance that the bigger payday will come and these are the types of plays I want when it happens...so not worrying. Held some of my silver plays also and will add as time goes on......older targets on gsc are higher and I suspect it will try them on eventually. gsc is a bit of a turnaround story and evenually it will go with new cash and exploration abd reserve increase. Anyhow will be buying more and if I sell for any reason ill let you know but can't forsee that at the moment unless they say gold is fini.....I got a long list of stuff to buy and may start if gold hits 1050. Some have ment. lower but i will start again in small lots until we see the true direction. The rare earth stuff also. I have already taken a decent position in rm and don mainly because I feel they are laggards and we're getting a decent buy now.. Timing on gold may be more challanging as we are correcting in a what is normally a decent time for it and it won't be long before May comes and mining stosks slow....so I'm doing what is necessary and preparing for a decent fall, using caution now and picking away waiting for buys to hold for later.