InvestorsHub Logo
Followers 52
Posts 7849
Boards Moderated 2
Alias Born 07/15/2002

Re: marcos post# 406

Friday, 10/18/2002 8:27:12 AM

Friday, October 18, 2002 8:27:12 AM

Post# of 3563
Marcos... thanks for the word of caution-- I looked at Claude Resources before the infamous PR. Back then it had a market cap exceeding $70 million.

Expensive then.

Maybe still expensive, even now... they've hedged one fifth of their production at Seabee - and like you were saying about their falling production - a fifth hedged could easily become a quarter, even a third. Who knows they may turn this thing around in the fourth quarter, I don't care. I bought it because it was technically oversold-- there should be a flip here today and some beer money tonight.

...otherwise I'll be on the wagon. <vbg>

Regards,
Michael



FP........................................................

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.