I didn't realize that....they jumped ship when there was nothing left to hold on to :)
I may regret buying even a small amount today. I think 'capitulation day' is going to look more like 12,000,000-14,000,000 shares traded....and there will not be a lot of support after 6-7 million shares are traded. You usually get some horrific spikes when the rollover occurs. In this kind of market not all of the miners will rollover at once. There could days or even a whole week of gyrations before the whole mining sector is totally swept out to sea. Typically it takes a few days for a knee jerk reaction and rebound good for 20-30% of the relative price right before and during the massacre. If you look at CDE it will be a prime candidate for rebound because of a few very important aspects that have nothing to do with the mining industry as a whole. One...being they are a prime corporate mover in the State of Idaho and next to potatoes and cattle, the silver industry is right up there. This is an excerpt from an industry source talking about different States in the US.
Idaho ranks high among the states in silver, antimony, lead, cobalt, garnet, phosphate rock, vanadium, zinc, and mercury. Agriculture is a major industry: The state produces about one fourth of the nation's potato crop, as well as wheat, apples, corn, barley, sugar beets, and hops.
AFTER...that event....you really won't even have to consider the share price relative to the numbers. What I have seen happen in other sectors when there was a breakdown e.g. The Savings and Loan crisis in the 80's when dozens of institutions were taken out back and shot. It took them years to recover...unlike in 2008 when Citi, Bank of America, et al. were given a get out of jail free card.
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