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Timberline Resources Corporation Message Board

  • tryingtogetthefacts tryingtogetthefacts Jan 26, 2010 9:44 AM Flag

    New Board Member

    Puzzling, why the big drop in PPS? Added a new highly qualified board member so what is the negative driving the price down?
    http://finance.yahoo.com/news/Robert-Martinez-Joins-pz-1463117266.html?x=0&.v=1

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    • It is *long term investors* who determine the price of a stock/asset, and not those who are simply gaming and manipulating - these are people who stand in a circle with knives cutting themselves into little pieces. *investors* buy for the fundamental reasons, of which price is a component, but it is not *the* component or *the* determinant. Then they sit back and let it happen. I know it sounds simplistic, but selling because of price alone is not good enough.

      Also, note stocks like NEM - well established and which blew away estimates last quarter, now trades at a price similar to where it traded before it announced those results. And those results were truly of the "wow, big upside surprise" variety. It is projected to earn $2.40 this year, $3.13 next year and trades at 44. So mining stocks generically are not trading at a high P/E.

      So, until stocks like NEM do better, I give stocks like TLR even more slack than I normally would, even though I will not sell TLR based on price action ALONE. I would rather sell it (even if that is at lower price) based on REAL NEWS and not be gamed out by investors gaming it.

      One more thing, NEM's CEO said in Davos that he sees gold trading in a range of 1025-1250 this year. so he no "cheerleader". However, we are close to the bottom of what seems to be a realistic range. And if that is indeed the case, folks should consider TLR and other PM stocks at this juncture. Not necessarily buying them, but holding them through this if they got them.

      just my opinion, of course. GL to all.

      gorg

    • i dont know either, hope it rebounds im out of the money real good on this one.

 
TLR
0.0656-0.0074(-10.14%)Sep 23 4:00 PMEDT

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