I'm just buying..buying..buyi... right now
posted on
Jan 18, 2008 08:33AM
Focused on becoming a near-term Gold Producer
This company is doing everything right. We're down right now for a number of reasons, but in my frame of mind they all point to a buying point. I'm not totally bought in because we may go down more yet (hoping not really). Its a bloodbath everywhere now. I can't imagine once the market corrects back up that we will be sitting where we are now. The assays are good and previous assays have been good. Kodiak has had a strip torn off of its share price too. Lets realize that the bigger market is keeping the nervous investors from holding their positions right now. As well the MM and Shorties are doing their thing...which will require covering very soon if not now.
My guess...the US has submitted a plan to help stem the chance of a recession in the US today. Its worth about 150 Billion dollars and should help bring back some confidence but not likely until next week or after the plan is released fully to the public.
I'm thinking we'll be seeing one of two things right now...a further drop to .25 or an increase to .40 again. Like always I've always liked it when odds of rising are promising and odds of dropping are minimal. I guess we'll see. Whatever the case..remember Sage is run by gold professionals who have dealt with proven companies in the past. Experience gets these people through tough times. This stock will rebound...maybe not today..but I would guess before the end of January. Once it does that we have to see how it can hold itself until more reports come out. I'm looking at a turnaround in the overall markets next week because of the US moves to stem the chance of recession (that may be a lost cause now but as long as the recession can be minimized).
Good luck to all,
MM