Keegan Resources (KGN) - Gary Tanashian

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Gary Tanashian is proprietor of Biiwii.com. Actionable, hype-free technical, macro economic and sentiment analysis is provided in the premium newsletter Notes From the Rabbit Hole (http://www.biiwii.com/NFTRH/subscribe.htm). Complimentary analysis and commentary is available at the 'Biiwii Blog'... More

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Keegan Resources (KGN) 0 comments

Sep 23, 2010 5:44 AM | about stocks: AKG

I distinctly remember thinking "you know Gary, they are giving away the substantial gold in the ground for free because this is selling at or below cash -- think about what would happen if you just buy all you can and it seeks out its value one day!!" and then I went about my usual manner of buying a good, healthy amount while spreading funds around.

Oh well, the target is 9.50 and I just never look at this one. The amount currently held is just a healthy but balanced part of the speculative portfolio.

But that event in late 2008 was something the likes of which we may never see again. Too bad 95% of the supposed investment world was distracted from what should have been their true task, which is buying value when the illogical herd is puking.

Disclosure: Long KGN at time of writing
Themes: keegan resources, gold Stocks: AKG

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