Holding core shares only. Al - Con't
in response to
by
posted on
Oct 11, 2007 11:04AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Al,
As a follow up to my question let me give you my recent example.
I've pretty much bought more all the way down from $4.20 to $3.15. Right now, my purchase at $4.20 looks like a bad move, and now that I know we went all the way to $3.15 I guess every buy was a bad move since I could have pulled the trigger all at once at $3.15 and done much better.
But when I buy I can't see the immediate future. I can only see (I believe) the long term future ($6.00, $10.00, hopefully MUCH higher). So whether I pay $4.15 or $3.15 is of less importance.
This was my strategy when NOT was under $1.00 as well.
But, I would love to maximize profits if I can do that with reasonable safety and assurance. Thus my asking you for your stategy.
Thanks again
BK.