"Sum, you're always warning us about holding on too long. Urging us to take some NOT profits off the table. Lucky you..many of us have not this luxury since NOT has not provided a profit for us in 4 - 5 Years!!"
I get it Jacki. The same for me too. But as I have said the market doesn't remember or care what you paid for NOT shares. It doesn't matter if you have a loss. If the opportunity presents itself to avoid losing what ever gains or cash left that you have then you take it whether you have 50K left from 100K or 5K. You have to recognize that what you have now is what you have now. Thinking of NOT back at 7$ and holding out for that is not going to make it happen and will not add to your account. Taking careful measures to deal with reality will.
"You talk about a "game plan". Many of us had a game plan to sell some stock when NOT doubled from its old high, or was bought out. The only game plan I had was to sell Noront at a magnificent profit."
Then your plan then is to stay in NOT as long as it takes. If that's your plan then you must accept what comes with that plan.....a very long wait in NOTs case. Now that so much has been revealed about current market conditions, perhaps NOT's profit for you will not reach magnificent but being that your game plan is to wait it out you'll have to be happy with what ever it yields. The simple fact is that most investors can't bring themselves to do what is necessary to win the game. It is one of the hardest psych. "classes" you'll ever take. Everyone should note how torn they have been when thinking about selling and then holding only to lose profit. It's really tough!!!!!!!!
"Richard Nemis, former Ceo, has 3 million shares, and he has not sold a share! He's lost over 20 million dollars! I'm certain his game plan was to make it big for his family, and hisbeloved shareholders."
RN hasn't really lost $20m. His shares didn't cost him that much to start and likely he had a lot more money than you to begin with. He also knows a lot more than you do which is why he's probably not that concerned. He can afford to wait. Did you expect to wait this long? I don't think he's hurting too badly and he will accept what he gets when the time comes to sell....if it comes. He has a whole lot of other interests and companies that he also holds shares in which keep him very busy.
"The "flying under the radar" plan of the current administration has kept it all a mystery for us. Day traders are the only ones making any money in Noront."
As much as we hate the wait, I don't think you'll be able to judge the flight path of NOT until the destination and circumstances surrounding the point of departure are known.
"Sum, I ask you..what do yuo think WES means by 2011 being NOT's year? Events in 2012 would not count. Do you think we will get fantastic news in the next 6 weeks?"
To get fixated on a general statement when one knows NOTs history of communication would be an iffy occupation of ones time. In truth I don't know the answer to these questions really but I would say that Wes may have to back track if things don't work out according to his timetable. So what would be wrong with coming out with news in the New Year as opposed to Dec. 16? There are many things that could be out of their control particularly if it involves negotiations with others or complications in assays taking longer periods of time to analyse. We'll just have to wait.....but personally I feel like we will see news before too long. I could guess before 6 weeks is up but it would only be a guess. For me the market will give us an answer by what NOTs sp does I suspect. We are seeing some pressure on it to dip but my suspicions are that others want to grab cheap shares before the next leg up. It will take gas to fuel that next move but the sp should give us a sneak preview shortly before that fuel is lit. Today's action pushed us down some but there was no serious buying so I suspect that others know there is some time to fiddle with us. Had there been some buying of a serious nature then I would expect something soon. I think they'll take more pokes at us over the coming days until they've finished and then we'll see some action.
Having stated the above.....what if this is just another repeat of the ups and downs of NOT? I don't personally think so but then I can't say for sure. These are the things you have to enter into your realm of possibility. Anything can happen. If there were guarantees we'd all be rich.
