Yamana Gold Inc (AUY)

[SeriousStockStoke]

Bounce possible, however I'm waiting for capitulation.

I left Yamana after they reported that horrible earnings miss last Q. In my opinion, the company really should have warned investors that analyst estimates were way too high. I think managament needs some schooling in how Wall Street operates.

I'm beginning to think that if AUY can't hold the $12 mark and drops lower, the company could very well be purchased. Their assets are worth one hec of a lot more than AUY's current market cap. If it does fall below $12 I'll be a buyer once again, but only on speculation of a buyout. AUY needs new management.


Position: None Yet, But Soon


Best of Luck Longs