Rex
For goodness sake please dont quote anything posted by me or anyone back in february. We are living in a new world!!!!
Nevertheless, back in February stocks everywhere were plummeting, whil GNM went from $130 in Feb to $1.90 in July ... not bad in a crappy market, and yes I was excited at times about its ability to buck the trend..
After that the trend clearly changed & vitually all stocks crashed, GNM included, especially with coal prices deteriorating.
I had very tight stops in place across my portfolio, & exited many positions, including GNM, MAK, BAU, & my BMN traders after July 1.
However I have bought back some GNM in the 20's & consider this a good buy. However that will also depend on their ability to keep increasing production as forcast.
Its a totally new market mate ... not really a time for "bottom drawer" investment tactics, but at 25 cents average for GNM, I feel pretty safe & am happy to hold for the next 12 months
As for BMN I bought quite a few hundred thou in the 20's & 30's and have made great money on their climb back. Not back into BAU yet, but watching carefully ... some recent good announcements but the market still not to good, so I will wait & see.
cheers
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