Gold Resources (GORO +1.3%) reports record annual production of 90K-plus in gold equivalent oz....

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Chucklesg Comments (33)
 
Anyone know why this stock is so volatile? I thought it might be a good growth with income opportunity, but the daily price fluctuation make me wonder about the trading.
18 Mar, 03:52 PM Reply Like

mikeyaffe Comments (35)
 
Back in July of 2011 Barrons wrote a very negative article on GORO. The short interest exploded to 5 million shares. There are still close to that number of shares short now. The stock only trades 200,000 shares on a good day. There is no way to cover.

The shorts have hired some paid bashers. You will notice that they almost instantly refute any positive posts on the company.

The shorts are also behind the class action suit. There has been no word on that for awhile. The lawyers posted a bunch of times looking for a lead plaintiff.

GORO has hired some more professional mine operators and marketing people. This should stabilize the share price.

Gold is going much higher and so will the shares. While I wait, I am happy to collect my 5+% dividend paid monthly.
18 Mar, 04:12 PM Reply Like

David White Comments (3503)
 
Chucklesg:
I wrote an article on it that explains why people developed a negative view of the company. Basically it had just about everything bad happen to it in one year that a company can experience. However, the company overall looks like a good company to invest in long term. Here is a link to my article.

http://seekingalpha.co...

It's worth a read if you are thinking of investing in the GORO stock.
19 Mar, 05:39 AM Reply Like

Chucklesg Comments (33)
 
Thanks David for pointing me to your article. Unfortunately the price continues to deteriorate and while I dislike the concept of negativity expressed by shorts, the comments about the Reid family being less than honest is hard to prove or disprove. Given the performance of another Reid (Harry), I do wonder!

Anyway, GORO has approached my exit benchmark of 5% loss, and I will give it a little more time as my total investment not that great. But I also noted your positive article on AAR, another of my losses that I did not honor with the 5% rule. To old to start over, but to tired of bad advice and bad judgement...my own. Got to find a mattress that pays about 5-6% with less risk, less opinions of the "street" which is so corrupt, less dependency on the useless US gov't, but there is no where to go!
Thanks for your thought though!
20 Mar, 02:54 PM Reply Like

mikeyaffe Comments (35)
 
Final shakeout at the open appears to be over.

In Gold We Trust.
19 Mar, 10:34 AM Reply Like