Followers | 6 |
Posts | 263 |
Boards Moderated | 0 |
Alias Born | 08/24/2010 |
Monday, November 22, 2010 6:53:44 PM
I expect continued buying pressure, and the basher will be hitting the boards hard to hold down the price. Look for the so called longs to question the timing of the JV and understand that this is an all or nothing play. The deal will be done when it gets done and not anytime sooner. Don't count on next week, its a buy and hold investment. All the posters will tell you they have held for 14 years, If that is the case, you have to question their investment strategy and sanity because that's just not good planning.
Buy and hold until you think the deal never gets done, then sell, or wait and buy on the news. I will just cost you a little more.
I still am looking for an early December JV announcement and AGM in January. My recommendation in not to sell on the announcement but wait for the AGM. But that is just MHO. Do your own due diligence and understand the play. The stock has been around a long time and has survived every stock trick in the book, bad corporate communications and two previous JV attempts. This is a high risk play and you need to understand it is not a sure thing. BUT, if your going to roll the dice for big money, you might be at the right table.
If your IN, Your IN
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