If it gets low enough I will double my stake, temporarily.
Nothing wrong buying low if you have confidence in the company and economic conditions are right. I would now be buying ADU for a trade, except I still feel that the US market has not had a proper shakeout and I want to hear some hints of an economic rescue package.
I keep reading too many reports/views indicating that the US market is due for a much bigger fall then the 7% correction it has had (now only about 5% after the recent recovery). I think what we are seeing in the US market is end of quarter window dressing. However, July is usually a positive month for their market. On the other hand, if the companies start reporting lowered expectations and economic data is poor again, then I think their market will fall and take other markets lower.
Many goldies did have an upday, but most were small gains, unless they had some good news such as RSG/SLR.
loki (It is all in the timing.)
ADU Price at posting:
53.5¢ Sentiment: LT Buy Disclosure: Held