Friday, July 24, 2009 9:58:48 AM
This is the "break" so many have been looking for. A sell-off was inevitable, but this is ridiculous and WAYYYYY overdone. The billions of dollars worth of minerals are still in the ground and haven't gone anywhere.
If you've been waiting to buy in or add, take advantage of this drop. It's pure panic selling, and I'm not even sure how much is real.
Oh, and if you had trailing "protective" stops, congratulations... ...you just got your shares stolen, and probably facilitated additional manipulation of the market by helping to get it down and run more stops. NEVER USE STOPS.
Watch how quick this comes back this morning - a lot of people just had their pockets picked.
Sign me off - annoyed this morning, but long and strong and not even considering the sale of a single share.
M78
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