Had bought SWN at .20, ran to $1.80. All is well? Yeah right. Went fishing, out of communications. Wolverine study was a blowout, mistake after mistake, had to be redone. Wasn't the same company, a sister company, same people did the study. SWN dropped back to where I bought it in a heartbeat. And I mean a heart beat, 2 days, not the 6 month slide from $2.70 to .90 CUU had. Nor was it the 3 year slide from the spike to $1.50 to today's share price.
A friend is in a company, been in for 4 years. Bought for two bits, recently after grinding upwards for 2 years hit $5. I asked him if he sold. Said nope not a share Rick. Why might I ask? "Think it's going to ten."
My friend had a 20 timer and hadn't sold a share. I thought he knew better. Think the math through. He had $800k profit and invested capital in his trading account, to double his money from there the stock would have to go from $5 to $10.
I explained that and said surely you know of a company, or several, with the potential to at least double, and maybe quadruple or more. He did, of course he did. Anyway he never sold and the stock's at $4.00.
TAKE THE FREAKING MONEY!!!
The very next news release could wipe out everything, and it happens all the time, its not worth the risk to stay for a possible double when there's so much on the table. At least that's the way I trade.
I was around. I am 'around' every company working in my 'neck of the woods.' I read the bullboards both AG & SH.
CUU was trading at $2.70 with 400 mil shares out. That's over a billion dollar market cap. There were posters on here and SH screaming it was going to 5,7,8 and $9 dollars! What could possibly of supported a billion dollar MC let alone a market cap larger than (currently) Tecks?
I suggest CanadaGrant is 100% responsible for CanadaGrants stock market losses.
Rick