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goldminingXpert (28.63)

fools Gone Bad: Jaguar Mining (JAG)



August 07, 2008 – Comments (5) | RELATED TICKERS: JAGGD , GLD

A mere three weeks ago, Jaguar Mining, the outstanding Brazilian gold miner was trading at $12 a share and had a 5-star CAPS rating. Due to a decline in the price of gold, JAG fell to $10 and lost a CAPS star. At this point, I hopped in with an outperform pick, as JAG has a $15 to $17 fair value, $10 is a compelling entry. Due to a slight mishap with one of JAG's mines, the market overreacted and pummeled JAG under $8 today. I got to add 500 shares on the cheap this afternoon and am already counting the dough from when I unload these shares back over $12 again... that's 4 months of rent for one mind-blowingly simple trade. Booyah!

But I digress... what do I see this evening? JAG loses ANOTHER star to a mere 3. What on earth is wrong with you people? If you like a stock at $12, why hate it at $8?! Everyone and their dog should love JAG here... yet I see people like Igbbanker and ArmchairQB cutting their outperform picks 30 points in the red. Dude there is a reason why you are in an armchair and not on the field... you don't sell stocks when they are screaming buys! Plus we have people like Synergize (98.28 rating) who are normally smarter than this (I hope) NOW throwing in a sell rating. This is as bad as the anal-ysts at Wachovia or JPM... well, the stock is down a 3rd, even though revenues doubled last year, will double again this year, and they turned their first ever profit last quarter--NOW is the time to sell, at $7.80--an 11 month low. You fools have disappointed me with your foolish rating of this company.

5 Comments – Post Your Own

#1) On August 07, 2008 at 4:13 AM, MGDG (32.84) wrote:

It looks like Fear and Greed are stronger market movers than most would like to believe. Either that or nobody likes a sale unless it's at Wal-Mart. I actually believe most people sell them when their down, because they think they can buy them back cheaper.

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#2) On August 07, 2008 at 6:03 AM, fransgeraedts (99.47) wrote:

I believe that there is room for a gold rally here. You have convinced me to ad Jag to my greenthumbed gold picks.





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#3) On August 07, 2008 at 9:44 AM, LordZ wrote:

O heck no JAG

is a loser for capital appreciation...

good thing I didnt buy IRL

but im stuck in caps with it.


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#4) On August 07, 2008 at 10:21 AM, goldminingXpert (28.63) wrote:

LordZ--if it isn't going up, close your pick. If it is going up, which it is, sorry about getting a bad price but you can't say it is a "loser" just because you started your pick on it too soon. The long run is clear: up, in the short-run people do dumb things and stocks go down senselessly. The whole point of the article is how it is a much better buy at 8 than 12, yet you now argue it is a loser--this is the time to buy dude.

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#5) On August 07, 2008 at 10:49 AM, Jro81 (< 20) wrote:

JAG is a screaming buy at these levels ... it has a NAV around $15 ... The small cap golds have been getting killed lately ... Just keep the faith ...


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