Posted by caddpro123 on 1st of Dec 2011 at 09:00 am
As always it really depends on your appetite for risk. Jag has
solid fundamentals and is a producing and profitable miner. Having
said that, where would JAG be right now without the offer? Most
likely at least a dollar below its current price. Also look at the
daily short volume. It is higher than most of its peers over the
last 10 days. But with the PM volatility over the last year
it seems more of a crap shoot than anything else. Without
consideration for your entry price, $6.7 is certainly
reasonable.
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Jag stops
JAG
Posted by caddpro123 on 1st of Dec 2011 at 09:00 am
As always it really depends on your appetite for risk. Jag has solid fundamentals and is a producing and profitable miner. Having said that, where would JAG be right now without the offer? Most likely at least a dollar below its current price. Also look at the daily short volume. It is higher than most of its peers over the last 10 days. But with the PM volatility over the last year it seems more of a crap shoot than anything else. Without consideration for your entry price, $6.7 is certainly reasonable.