Re: Those with Gold in their names did Worse than those with No Gold in their names.
posted on
Oct 07, 2010 04:24AM
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Dear Bob,
You are not a pest and I do not see your question as negative.
The reason I did my little study was simply to see if there was any evidence that having gold or golden in the name of one of Tyhee's Canaccord peers, on a super day for gold Juniors (Oct. 5th), would necessarily show up in their higher percent share price increase than those others Juniors without gold,etc in their names. That was it. A snap shot of performance on a whopper of a day for gold and gold stocks, Tyhee being up over 9%
My assumption was that if, indeed, just having the metal as part of the company name was an advantage, as Strike and other have suggested, then we might see that playing out in a higher rise in the SP.
Well, that wasn't the case there, as I discovered. I expected the opposite.
I, right now, do not have the time to do more extensive studies to test Strike's hypothesis that " gold in the name" gives a company a marketing edge. His contention just may be correct. And with more data from more and better studies, he may be shown to be right about this. I, at least, think he is intuitively correct. But, alas, I'd like to see the evidence to support his contentions.
As for us (we?) investors being more underwater with Tyhee than with most, if not all those other juniors in our portfolio, sure. I'm one of those investors, and I'd guess most of us are like me in this respect.
Baires