Re: Player13
posted on
May 08, 2008 03:04PM
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I bought most of my Tyhee at 28 to 32 cents, and refuse to put more money on the table over 40 cents. I never know what the catalyst will be, but there's always a good buy-in opportunity if you have the patience.
I once (and possibly only once) heard Cramer say something that made sense to my investment style. He said that if you like a stock, do buy, but don't jump in all at once. Buy a little and get a feel for where the stock is trading and what would be considered a bargain price. I sometimes buy only a thousand or two of a stock I like, and then just try to dollar cost average my price down as low as possible over a period of months, whenever there's a pullback. Seems to work for me, and it has worked well with Tyhee.
I've always told myself there's no reason to pull my money out of a junior at less than 100% growth. (I hold my Juniors outside my RRSP) The government just taxes me blind anyways because I'm already in a very high income bracket (capital gains are taxed way higher than dividends in Canada). Who knows? Maybe one of these days I'll take my money offshore and live in Buenas Aires. Always makes me a bit sick paying so much tax on my income, and then having to pay more tax if I manage to grow more money out of what's left.
Are there any offshore banks with good North American stock trading platforms?
MR