buying "good" companies that pay a divvy dosent work either, have a look at ASL as just one eg. great management, paying divies, plenty of work in hand, and stock at yearly lows.
The stock market is rigged, you cant win, buying and holding shares is getting to be as risky as "options" once were, thats why i have only been buying physical gold for the past few yrs, yes im down in paper $, but at least i know i own the best store of wealth in history and not pieces of paper or some digits on a computer screen like owning stocks basically is, when the world economy collapses, which if you read the real news and not the mainstream garbage you know could happen any day.
dont get me wrong, ive been terribly burnt on stocks in my life, im down nearly $30,000, i will never in my life buy any stock ever again, no matter how great the prospects are (if its a miner) no matter how great management seem to be, no matter how great the outlook is, no matter if its the most popular stock in HC and everyone has a strong buy on it and says its a no brainer, i will never buy stocks in my life again, and i will never touch any managed fund either, the returns are usually rigged anyway.
Like i said, last few yrs ive only been buying phsycial gold and holding cash in its physcial form in case we get a cyprus style run here, which is possible, hell you guys here should be the first to realise now that anything is possible.
I really do feel sorry for you guys here, i thought GBG was cheap at $1.40 a couple of yrs ago, just goes to show, if something is cheap, dosent mean it cant keep getting cheaper and cheaper.
anyway, good luck guys, i really do hope GBG pulls a rabbit out of a hat and the stock bounces back to $1 for you guys.
GBG Price at posting:
14.0¢ Sentiment: LT Buy Disclosure: Not Held
