Agoracom: Small Cap Investment - Spider Resources - Re: House Positions

Welcome To The Spider Resources HUB On AGORACOM

First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

Reply New Message

Prev Message Back To Forum Threaded View Next Message

SnugTheJoiner

Rank: President [?]

Points: 27397 [?]

Votes: 351 Score: 3.9 [?]

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: House Positions - forhorn

in response to

Re: House Positions

foghorn

posted on Mar 13, 2010 12:37AM

Foghorn:

Welcome to the Spider Resources Agoracom forum. Good to have you on board. Love yer "Foghorn" handle.

You write:

"...appears to be a long play but a good one."

In fact it will probably be a short one. Both SPQ & KWG have a suitor (Cliffs Natural Resources). But this situation will probably be very good for the high-risk high-reward investor. The share price in recent weeks has gone from 5 cents to 10.5 cents today. We may see a two banger or three banger from here (possibly more).

Of course, there is always a down-side. But if you do some reading on this forum e.g., LINK LIBRARY, you will understand this as part of the history of Spider Resources.

So depending on your risk profile and due diligence, you might want to try and pick up some more shares early in the week. (I'm not an investment advisor, just a guy who has been following Spider Resources for quite some time. I expect others of my friends on the board will also pop up with some feedback.)