Timmins & Beardmore - Northern Ontario

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Message: Re: Bye bye UBS...

Nov 05, 2009 09:35AM

Nov 05, 2009 09:55AM

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Nov 05, 2009 12:34PM

Red

There are several reasons why someone might sell Sage.

1.) drilling has been ingoing since may and we have not heard a single assay result othe than that drilling on the GE was stopped early.

2.) Sage has been trading in a 1 to 2 cent channel for several months whil other juniors are showing good progress. Some have even given 10 baggers in the past few months from low to high.

3.) Some of the bigger traders a re likely positioning for the "long overdue" market pull back

There are others but these are all motives for selling ... which begs the question ... what are we doing here?

The bottom line is the BG area is not the "play du jour" ... YET. All of the stocks in BG are undervalued and not moving. retail investors are running like lemmings at the "ring of fire" when most of the easy money has already been made.

IMO the best place to be is in a "play du jour" before the "jour" comes. We've already waited a long time but I suspect over th next 6 months BG will be one of the next big areas.


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Nov 23, 2009 01:35PM
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