Forest fire

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)

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stock greed

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Forest fire

in response to

Re: Looks like we are on our way back to $1.50

IAMSUDBURY

posted on Jan 08, 2010 03:55PM

This seems to always happen. Day or bi-monthly traders get panicky fingers. There is a shakedown for a few weeks, then momentum starts to build again as news releases comes out. For my strategy, this window is where I make money. This happened before Noront's last springboard and Freewest's current rise. Disinterest equates to opportunity to buy more. Then like always it will climb again. And those who sold scratch their heads in frustration. How many times have we all gone through this. The lesson: always have money on reserve or a security to sell for opportunities like this, to counter losses at the very least.

I like to compare Noront's current situation like a forest fire. Its horrible to see the damage the fire creates, but the forest is more healthy in its regrowth.

Freewest on the other hand no longer follows the above strategy as, for the first time, other then buying or selling, the shareholders actually has an ounce of power to get the SP where they want it.