Re: There is too much pumping on this board
in response to
by
posted on
Sep 19, 2008 06:56AM
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)
There's a difference in "pumping" and exuding "confidence". I for one have no problem indicating that this stock is undervalued (been echoed by many here already). I also don't mind expunging the basic investing thought pattern for those who don't know it well enough (buy low, sell high). I guess high (7.50) wasn't high for me so I held and expect much better numbers in the next 12 - 24 months.
Pumping in my opinon is where day traders and investment manipulators take innocent investors and "trick" them into buying into something they know will likely fail. They pump it to build interest (of course that is after they have bought a ton of shares (the buy low thing)). Once the interest is high they dump their shares and let everyone else hold the bag (selling low for everyone else). So that is what pumping means IMHO and I don't for one do that, nor do many others here.
I also do not critize those who have opinions that counter the more positive. I have been buying shares almost every day during this market meltdown (buy low). We ascertained through our due diligence as a group that 3.00 was a bottom for this stock price based on prelim 43-101 results and continued NR. My push has been mostly under the 3.00 mark. I will be hurt quite badly if the stock doesn't rebound, but I am "confident" it will and it will by a lot over the next couple of years at most.
Misfit also said this is a buying time and I understand he has a lot of respect here as a poster. Where is all the enthusiasm being misdirected. The basics of investing point to an investor buying into a good company when it is out of favour for "any" reason. In this case it isn't even anything to do with the company itself which makes it a "no-brainer" in my mind what I as a smart investor should be doing. "Everything" in investment is a "gamble". If you are ready to invest you must always be ready to see losses. But as has been said many times before ...losses are only losses when you "sell".... The rest is in previous posts.
Have a great day all and yes...I'm still buying up to my cutoff point and that I won't give out because it may be wrong for others to follow. Investing is personal. Keep your sights in line with your own requirements for the future. Don't invest more than you can lose. Don't give up your family's security.
I've had my share of losses. And this one looks like another. But the stocks I was losing in...I sold... so I lost. They all came back and were all very profitable within a 2 year span. I am confident Noront will be the same. Nuf said.
With all due respect my opinion is "my opinion only" and you the investor who visits this site must take all posts with a grain of salt, including mine, just like every other posting board. I don't think we want to see another Stockhouse here. That's why we stay focused on the positive (sometimes too focused I agree). I guess we just don't want to see the mud slapping off the walls all day and night.
Good luck to everyone and God Bless
Mustangman
Mustangman