I was down 12 grand yesterday as of mid day only (couldn't login to Questrade after that). What did I do about it? Go out and get more drunk than I ever have before! And today I woke up feeling great for some reason.... with Christmas in the air!
Point is, I'm actually glad Ken put out the PR yesterday. Get that pain over and done with that we missed on the IOCG thing and one hole was a complete dud! Let some investors totally overreact with emotion, myself included (but I didn't sell a damn share for that type of loss), and then move on to the REE thing. Back to business.
Only problem now is if they don't have economical REEs I'm even MORE worried where the PPS is going to go. I suppose what all of this means is that true longs will become true longs once again.
I just hope if RR does come back a dud, they can find some form of financing, we are treading thin with dollars right now.