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Old 05-21-2009, 09:45 PM   Nav to Top  #1
Crorepati
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Default Quadra Mining......Buy ????

I have been watching QUA for month now. Its getting higher by the day...IS it a good entry point now or should wait for a pull back??
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Old 05-21-2009, 11:04 PM   Nav to Top  #2
Kordoyn
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The chart looks similar to some of the other bigger mining companies such as TCK. they all bottomed out in Feb/March and have had steady gains since then. These tend to move with the market. As long as the markets in general keep going up so will the big miners. And as the markets move up, typically so does the price of whatever it is they are mining, meaning more profits, and more gains.

Whether today is a good time to buy in depends on if you think we'll see more bullish market moves. I'm not one to speculate on the market as a whole, but if I were a betting man I'd say we are due for a serious correction in the near future. I don't think these gains are sustainable, and are premature as they don't correlate to the rest of the economic data.
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