Hi gann45,
Perhaps we still hold because the rest of the news has not come out yet? Being dictated to by trends rather than doing fundamental research (DYOR as oft quoted) is called "Trading" rather than "Investing". Trading is fine, but usually implies a much shorter time horizon. Investing is easier on the nerves. :-)
Personally, I hold CBH because I believe that the merger terms with PEM hold more value than the current price reflects. Also they have a nice pipeline of mines in the development stage (Rasp, Panorama).
Commodities, Zn in particular have had a rough time of it recently, but I think that they cannot stay at these levels indefinitely. Indeed, Zn is currently below the cash cost price for many producers!
So to repeat, until I see the events I've mentioned (merger, new mines) or something material happens to change my view, I'm content to invest rather than trade in CBH.
IC
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