SP, Gains, Losses, Thoughts and Greediness of NORONT among us all.
in response to
by
posted on
Feb 05, 2010 04:32PM
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)
Nothing with NOT makes sense
anymore. I don't think that there is anyone on here, or maybe there is a very small percentage of people who have been successful day trading this stock and making money.
Good News - SP DROP; Bad News - SP DROP; Markets goes green - SP DROP; Market gets slaughtered - SP DROP. Nothing going on and when we least expect it - SP GOES BOOM.
There has been so many opportunities to day trade and make money on Noront since 2007, that you could be a millionaire right now...........ONLY if we understood how this stock is played.
Just in the last year we went from $1 to 70 cents back to 90 cents down to 50 cents up to $2.50 down to $1.80 back up to $2.50 down to $1.60 back up to $2 down to $1.50 up to $2.50 down to where we stand today at close at $1.35.
Obviously you can't catch every low and high, but look how many chance there were to make money. Someone mentioned on here in a previous post why people didnt sell, "You were scared that when you sold there would be a sharp increase in price" - that's so true, because that was my thinking for the first 2 years, especially since I first bought in at 77 cents and saw it go to $7 and when I saw $7 I wanted $10, $15.....then it crashed down to $3, then back to $7 and I still didnt sell I just bought more on the way up and way down.
What this stock has taught me over the last 2.5 years is to take a profit when you can and DONT BE GREEDY!!!. How mayn of us could of sold during the last run up to almost $3? and make a profit? I know I could of, and I didnt, now Im sitting on a loss, frustrating as all hell. But I have learned and managed to sell in between and put money in other opportunities make a profit and then come back into NOT. Sometimes Ive come back at a lower price, therefore increasing my position and getting free shares, sometimes Ive come back at a more expensive price. Ive sold NOT for a small gain and Ive also sold it a few times for a small loss, here and there. At least Ive moved on int, because sitting idle over the past 2.5 years would of drove me bananas.
Well there is my summary, these last few days have been tough, but its not like its anything new with this stock. Is this the bottom? Who knows? I know if we hit $1, I'll be getting a 2nd mortage - hahahaha. Maybe I haven't learned anything after all :)
GL and PEACE to you
TML26