Consequently, taking the upper end of that range and paladium's excellent fundamentals going forward, I have put aside a substantial portfolio allocation for PAL, based on it's incredible drop. Made a buy today, but keeping most of the PAL allocation cash sidelined for dollar cost averaging in to it.
Thank you CADMIUM for giving away all your money to the shorts, who are now closing their positions selling to people like me for just about half what you paid for PAL the past few weeks. I appreciate your cash, and the great opportunity once again, to get in at rock bottom bargain proces by waiting for your toxic 'stock collapse' effect to take hold!
I been saying in the mid 4's to wait until this stablises, mid 3's seems the place to start accumulating shares. Longer term this might drop to the low 3's duing the summer especially if they announce a financing soon. I see only one problem, companies needing financing and companies not executing have been trashed really bad recently. The shorts seem to have way too much money and they dont want to short anything where the fed can step in and that means only the miners. The miners are way way too cheap and they more than doubled when the shorts got run over when Gold broke $600 instead of dropping to $500. So a small change in metal prices can do a lot of damage if the shorts lose control but they been keeping a firm hand to not let the miners run even when the metals were screaming. But if the major markets dump then that money will be looking for a place which has improving fundamentals.