InvestorPlace Blogs is powered by Marketocracy. Marketocracy has authorized Investor Place Blogs as an official registrar for voting through Marketocracy's Investment Research Rating service. Registered members of InvestorPlace Blogs are linked with a Marketocracy account to establish voting power based on their performance of trading and posting on stocks.
I also put in an order to buy
AUY 8800 shares at $11.25. I don't know what got me into AUY. I think that I saw it in someone else's portfolio in another challenge. In the end, I feel that I should own some gold, and that Yamana is trading at a great price because, again, investors react badly to aquisitions as a means to achieve growth. In the case of mining, this is irrational since, it's not as if the aquired company is doing mining in the same place. Yamana has it's sites set on being a big player, and I think they will succeed.
I am also generally impressed with the regular status reports coming from Yamana, they seem to want to clearly communicate how they are achieving their goals.
|