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Message: Sage Gold could drift down even more

Sage Gold could drift down even more

posted on Jun 23, 2008 11:54AM

However to say that is because they don't have the goods or are somehow missing the boat, is not how I see this play. Call me a pumper if you wish for I really do not care about that. I see Sage in pretty much the same way they see themselves. True it is a junior and one that has not 'arrived' yet. True the share price is slipping. It is also true that in the time that some of us have held this stock, we could have done much better elsewhere IF we had called it right. We have been waiting for what we think is a protracted time frame, to hear solid news of the type that will impact the Share price. That also is true.

It is also true that there are some forces at work that are working against the juniors. Again it is correct to say, that pressure has been put on the sector as a Whole by some very big guns as well as at the normal trading level.

I think SGX is a BUY at these levels because I believe they have the good goods, so that is what I will follow through on. P.S., my mean average is in the mid 30s. So for me it is an opportunity to average down.

Some think it is a HOLD and they to should follow their plan if they are either broke or don't wish to put more of this stock into their portfolios.

Still others should SELL. Their feelings that they have expressed clearly show that this is the correct choice for them. It is either that or, if they can't afford to cut their losses and run, they should stay the course.

If the bulletin board writings could in anyway affect the share price, [I believe under certain circumstances they can] then all the moaning and groaning and sniping and swiping at the company will only serve to do more harm that good. Y'all are shooting yourself in der foot. The issuing forth of a negative comments can be contageous, as " bad news" [note the quote] can have a negative impact while investors are holding steady. I know we enjoy 'free speach' here BUT don't be surprised to see that consistant negativity might just work against you. At least for a while anyway.



Best wishes to those that have the best of intentions,

Jerry Francis

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