Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Re: this is why i don't day trade
1
Aug 13, 2012 10:44AM

The few cents cheaper shares is significant to some - like simple folk like me. Buying at $1.25 (say) vrs $1.35 affords you 8% more shares. More shares in the end is the name of the game. For Example:

spend $1000

@ $1.25 = 800 shares

@ 1.35 = 740 shares

At a $2 buyout...(just a simple figure)

800 shares = $1600 (60% gain on the $1000)

740 = $1480 (48% gain on the $1000).

At a $4 buyout...

800 shars = $3200 (320% gain on the $1000)

740 shares = $2960 (296% gain on the $1000)

I'm pretty cheap too... I waited 2 hrs in a ferry lineup to save the $20 reservation fee LOL!

Glta

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