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7/12/13

The most amusing part of Gold Resource Corp's (GORO) 52 week low this morning...

...is the way it's still massively overvalued:



It's HOC exit time and today's dumpage on the bell is a mere hors d'oeuvre, mes braves.

Disclosure: Short GORO for the 3rd time this year, average price in the $9s (because it'd be stupid not to be short frankly). I have a nominal downside price target of $7.50 on the stock but that was stuck in place when gold was $1.5k or so and is almost certainly way too generous to this company, perhaps the most laughably valued junior company in the whole woeful sector.

UPDATE: Accelerating now...



UPDATE 2: Would the last one to leave please turn out the lights? Thanks in advance.