RE: Rancid ham8 Feb 2024 13:50
You place far too much faith in Crusty's 'buy' rating Tanz, as it is (I think) a straw-clutching exercise in a desperate attempt to justify your failed investment all those years ago.
Crusty, by his own admission, buys on the dips and does not expect much in the short-term as 'patience is required' !
(Exactly how long have we been hanging around waiting here !).
I would rate his position as 'hold' not 'buy', but if he describes it as 'buy' I think he'd agree that it's a weak buy at best, and I'm not sure by his rating that he's encouraging others to buy.
Bear in mind that he rated Aminex a 'buy' when the SP was 1.3 late last year. It's 0.8 now so it WAS NOT a buy then, it was a SELL.
My position is that (knowing what I know now) this is now a SELL as there are better short-term opportunities in the market. One can always buy back if the position improves.
GOT IT NOW ?