Re: SP goes down/ Oh well

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

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)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Edgy

Rank: President [?]

Points: 38290 [?]

Votes: 354 Score: 3.3 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: SP goes down/ Oh well

in response to

SP goes down/ Oh well

Junior112

posted on Nov 26, 2009 04:50PM

But I do not say "Oh well", I act.

End of last week I sold a few in the range of $2.26 to 2.42 averaging at 2.34.

Today with a bit of that cash I bought back half (1.98-2.01) of those sold last week.

Remainder of that cash is waiting for the share price to drop below $1.95. If it drops I bite and will make those shares more expensive for those sellers.

Should news arrive by close on friday before the price depreciates further I may sell those I bought today to add to my cash reserves and wait for another opportunity.

I will wait and watch with most of my shares but I most surely will not sit idly buy and watch an opportunity pass by to make some profits in the mean time.

Yes I do take a risk that huge news could arrive and leave me behind, that is why I risk with only a small fraction of my shares and recommend same to everybody holding.