Club Mulgoa

Wednesday, February 01, 2012

ALK

I bought this stock near 3 months ago after reading this article:-

http://minesite.com/news/alkane-will-shortly-join-the-ranks-of-the-gold-producers-but-the-real-upside-remains-in-the-steadily-advancing-dubbo-zirconia-project

I especially like the gold producer bit. And overall, it looks like it has a lot of this and a lot of that. However, the market has gone very bad over the last quarter. For ALK to fall, it was dictated by the rule of average. It is stock worth considering but I prefer stocks that have fallen harder.

Simple rule of investing: Buy whatever idiots are selling whenever idiots should be buying.

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