Its never a great idea to chase a stock that has chewed up your capital. Leave your position where it is and look for another opportunity to profit.
Can’t wait for the class action law suits from the elderly and infirmed!
CNH needs to have continued success in its drilling operations to kick up production and it also needs the price of natural gas to move higher.
The best case scenario for ARE is that it retests support at $10.00 and then makes a move to regain some traction to the upside.
On a fundamental basis YNG has yet to produce enough gold to generate a profit and as a results will have to continue to issue shares to fund its programs. Selling shares at $0.275 is certainly not the price that management wanted but its what the market was willing to pay.
The 7% yield on distributions may keep you invested just watch $26.00 like a hawk. If it breaks below that level there’s not much support till $22.50.
It appears that there is some support at $11.50. But with a death cross starting to form and the sector not enjoying the summer and early fall on a seasonal basis it might be wise to consider cutting your losses and preserving capital for a re-approach later in the year.
