#jarobuys silver producer scorpio mining AGAIN !!!
06. Jänner 2010 18:14
well, it was already my biggest position, but i've added few more shares 2day. why? hmmmmmm, the company's news flow is soooooo great, they've just bought a gold project in nevada (hell, there must be lot of gold, i think, just look at few of my nevada based companies like u.s. gold, miranda gold, vg gold, coral gold here and of course, do not forget the big ones like barrick, newmont, etc!) ... got it? they've bought => they have money! => they do not need any stupid financing => they can afford to expand their growth from own resources ... well, i guess their silver-zinc-lead-copper 'nuestra senora' mine in mexico produces enough cash for this kind of acquisitions, you know?
what abt mr. market? well, scorpio's stock is despite soaring gold/silver prices down -1.52%. what's your guess, who is right this time?
a) me
b) mr. market
c) both
d) none of us
hell, that investment stuff is soooooo easy :-)
Disclaimer #1: Trading is risky and can result in substantial financial loss. As always my posts are simply one traders opinion and should not be taken as trading advice. I am not a financial adviser so everyone please do their own analysis and take responsibility for their own trades. (what a nice wording, isn't it? thanX to dave, thanX to www.informedtrades.com :-)
Disclaimer #2:
http://disclaimer.de/disclaimer...