Re: Tyhee
in response to
by
posted on
Nov 04, 2008 06:04PM
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As I have said previously, the juniors will lag the producers. Sure some will get a smallish bounce. I could see Tyhee getting back up to 18 cents on an intraday but before any serious moves are made in these juniors we need to see the producers retrace much of their losses. I mean Goldcorp back in the $40.00 range... It's now around $24.00.
There are several reasons for this. First off, anyone smart enough to have stayed out of the market for the past while, ie; all that money that is on the sidelines from funds, etc, is not going to head to risky juniors when there are so many extremely undervalued large and mid caps out there.
Right now, you've got as good a chance or better of picking up a double on Goldcorp, Barrick, Yamana, NEM than you do on Tyhee or other juniors over the short term.
So why invest in a junior? You can buy oodles of shares and certainly if the sector takes off you've a great chance at a five bagger maybe a ten quite easily from here.