I did not have any data initially; that's why I sold out when my stoploss was triggered. I did not have the confidence that the fundamentals/potential fundamentals were right. The technicals looked great then. I made 10% net and I'm slowly learing the craft of trading. The current downslide is scary and that's why I need to convince myself that the prospects of the company are OK before I get in again.It has been a long way from $1.81 to today's $1.05. I punted once on GXY but I have learned alot since then; some of which was via Hot Copper. Many investors check the blogs before they buy and it is good to have a balanced pespective if only for their benefit. It would become abit boring if blogs did not have a balance.One doesn't have to ramp or downramp; just simply be honest.
I know that you do not like critical comment on GXY but if one is fair & honest about some of these non-profitmaking companies; they sometimes leave the shareholder in the dark without the neccessary data or forecasts on which to make a buy/sell/hold decision. By the way, I'm checking out Talison via the TSX because I'm still interested in Li.Perhaps they have better info available than GXY and a less uncertain/less complicated business model.! Cheers Moorookamick
GXY Price at posting:
34.8¢ Sentiment: None Disclosure: Not Held