InvestorsHub Logo

dustin1101

03/01/12 12:28 PM

#12119 RE: riverwabek #12118

I understand that and agree we are way undervalued. However, apparently nothing is going to fix that, at least immediately, other than more eyes on this stock. It was great to see this up near $2.70 but there simply wasn't enough buying pressure to continue. Couple that with the silver raid and here we are. I'm just happy more aren't dumping shares..

USSilverBug

03/01/12 12:33 PM

#12120 RE: riverwabek #12118

You are right river. I've been flipping some other miners this morning (e.g., 10,000 shares SVM on $0.10 moves) and taking the profits and buying 200 - 300 shares of USSIF. As Top100 and others have said so often, this stock should be $4 - $5 right now! I'll take all I can get around $2.50 - $2.60.

my evil twin

03/01/12 5:06 PM

#12126 RE: riverwabek #12118

fact of life is resource stocks have to be undervalued most of the time. If everybody knows they're fairly valued or overvalued, they'll be sold off to a price at which they represent some sort of value to whomever buys anew.
A lesser valuation for an OTC stock is appropriate because:
* Many brokers cannot recommend OTC stocks to clients.
* Experienced active investors have experienced market makers interfering with normal trading by stealing bids and front running asks.
* OTC stocks aren't as well regulated as stocks of senior exchanges. These different exchanges have different rules and they make a big difference as to who is allowed to and who is willing to play in the game. I have personally held 5 stocks that gained AMEX listing and each one was worth the wait. Unfortunately, I have held more than that that didn't.