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#jarobuys silver producer scorpio mining AGAIN !!!

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06. Jänner 2010 18:14

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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 :-)

source: http://www.scorpiomining.com/
source: http://www.scorpiomining.com/

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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...


  • 2010-01-14 00:04:54
    Jaro Gruber

    yabbadabbadoo! niedrige(re) preise zum einstieg genutzt :-)

    addendum 01/13/2010: yabbadabbadooo! folks, i've welcomed the crashy gold/silver prices the last 2 days and increased my scorpio position a lot (from my newly @ lynx brokers opened account size perspective ) + entered a small initial position in linear gold (LRR @TSX). well, i could get linear gold quite cheap! folks, is there a chap/girl out there who would explain the strange behavior of scorpio mining 2 me? hell, they didn't break apart like the most companies in their peer group did (abt 7-15% down in 2 days) ... but they also do not go up now as their peers do right now ... and it is not abt the volume as the volume remains avarage except 5th of january, where there was maybe 7 to 10 times the average volume i think ,,, => any ideas out there ???

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