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Re: AGB veritas post# 5274

Friday, 02/17/2012 7:44:11 AM

Friday, February 17, 2012 7:44:11 AM

Post# of 12573
So what you are trying to say is that the reason AEM is down is due to manipulation - right? Take a look at the chart - http://stockcharts.com/def/servlet/SC.pnf?c=aem,P - just in case you didn't know, AEM is down from $87 in 2011. Manipulation has nothing to do with why AEM is down.

For a gold stock to be down 60% in the greatest gold bull market in history, I submit to you the reason the stock is down is due to poor management and not performing up to par. Reminds me of another gold company we all know about.

AEM reported net income of .45 vs .53 or a 15% reduction from last year. Now take a look at the third quarter 2011. AEM reported a loss of net loss of .48 a share versus a profit of .73 a share for the same quarter in 2010.....so the reason this stock is down and headed lower has nothing to do with manipulation but everything to do with poor management who do not know how to run a company profitably.

I'll make a bet with you that the stock is headed another 5 to 10 points lower from its current price of $36.59 so mark this post and we'll have another discussion in a few more months.

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