Discussion in 'Stocks & Derivatives' started by Greenman, Nov 7, 2013.
This one has fallen out of the tree and hit every branch on the way down.
Just watching for now...
Yeah 40c now. Their glory day seems over.
Could say the same for a lot of gold stocks atm
I wanted to post a pictographic thread - the drops are quite extreme over 12 months for most gold stocks, the big exception recently is Rand, but it seems I'd be breaching copyright to post screenies. Wish I could as it is an interesting talk point. Anyone know a site that allows graph posting?
Feeling for red 5 shareholders - 83% loss overnight 01.11.13, eesh.
Maybe we will see a lot of companies bust or go for pennies on the dollar prior to bottom. Already many are going for 10-20 pc off their highs a few years back
The math is quite interesting at this point.
sorry - meant to say many are going for 10-20 pc of their highs a few years back
aka blood on the streets
Are you talking about gold miners? More like 50-70%
Perseus was the darling of institutional holdings..... shows how committed they are. Everyone rushed for the door.
PRU weekly chart:
PRU monthly chart:
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