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Thread: Thoughts on AUY?

  1. Post #1

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    Found a gold nugget Metal Miner
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    Default Thoughts on AUY?

    Anyone out there still bullish on AUY? It looks like it has been the worst performer of all of the mining stocks so far; I've been holding some of it since late '08 (around $6), but I just couldn't take it anymore and sold it all today at $10.36. Waiting for this stock to move was about as exciting as watching grass grow, so I figured it's time to move on and find better opportunities. Part of me still thinks that selling a gold miner at the end of August is probably not a wise move, but for some reason I have this feeling of great relief not owning any of AUY anymore.

  2. Post #2

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    Silver Member Goldfinger's Avatar
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    Default Re: Thoughts on AUY?

    I did the same shortly following their earnings. I like AUY and they have plenty of growth potential, but I got tired of them constantly missing earnings and underperforming.

  3. Post #3

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    Default Re: Thoughts on AUY?

    I'm considering selling my AUY during this rise in gold price.

    It seems they always overly promise and almost deliver, the market never accepts it as "good enough".

    I'm fed up with it.
    *Disclosure: long physical gold, silver and mining shares

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