InvestorsHub Logo
Post# of 15261
Next 10
Followers 8
Posts 1560
Boards Moderated 0
Alias Born 08/29/2004

Re: kevin252 post# 13411

Saturday, 03/15/2008 11:47:19 AM

Saturday, March 15, 2008 11:47:19 AM

Post# of 15261
Kevin, I still hold GPXM. I'm not too worried about it. I bought in at .12. Their latest 10Q was filed with the SEC on 2-8-08 and doesn't look too bad except for the $1.000,000+ loss for the quarter. With the sales of molybdenum increasing that figure should be turned around in a quarter or two.

I don't see Robert Weigand's assessment happening because of all of the short contracts that still need to be covered. I will say that a 10 to 15% pullback is over due. This type of pullback has happened many times during this bull market. Just before they would happen I would post that I was waiting for the other shoe to drop. It was almost like clock work. This time it may not happen. The shorts are scrambling and losing billions trying to get out of their contracts.


Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.