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Message: Cannacord on the sell side

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Re: Cannacord on the sell side

posted on Jul 25, 08 01:15PM

Give your head a shake, mon.

Find me a moly stock whose SP doesn't look like a downward ski slope ... and this despite that the Mo oxide price has remained very strong and is inching upwards ($33.87 as of today) . Ironic, huh ? Read Haywood's report, or RBC's, or many others that are predicting higher Mo prices later this year, in 2009 , and 2010 . The juniors have been dumped on, plain and simple. The TSX Venture index is in the toilet.

Heck, look at TCM's share price ... and this company is making money hand over fist ... and more next year .... yet their share price has gone from $25 to $15 ish. Go figure.

Things will change in the moly universe.

Do what you will with your shares, but I for one are adding at these 75 cent levels.

And, I am sure the millions of share options granted last month or so at $1.25 expect the SP to go much higher than that.

Coal-mania had share prices of dozens of jrs double and triple in no time. Same can happen here, in a blink of an eye.









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