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Richmont Mines Inc. Message Board

  • assm_n assm_n Dec 8, 2010 2:42 PM Flag

    Addressed to longs:

    What is holding this stock back? I bought this thinking it would eventually catch up with the sector, but I'm wondering if RIC is just one of those dogs that will always underperform?

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    • What's holding it back ? Nothing wrong with this stock or company...There are quite a few stocks that are in the same boat stock price wise, even big producers...Actually, RIC has outperformed quite a few companies in the last two years...GG was higher two years ago than it is today with gold about $400 higher....That is just one example of LOADS of gold stocks in the same predicament...KGC, NEM, AU, AUY, RGLD....I could go on and on...It's just a matter of time.

      As far as what's holding it back..Supply of shares in the $5 area and the way the stock has been acting I suspect that the $5 area will give away not too long from now followed by a very explosive move as it breaks out of this huge pattern.

    • 23 sessions in a row he could have sold for $5.12 and higher.
      I'd address the stooge who sold at $5.01 after refusing $5.70, $5.50, $5.25,
      $5.15

    • RIC dosn't bark!

 
RIC
2.61+0.10(+3.98%)Jul 28 4:02 PMEDT