Drill ready Gold projects

2nd largest land package - Red Lake Mining District & promising properties in the "Ring of Fire"

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Message: Re: anything
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Sep 05, 2010 07:12PM
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Sep 06, 2010 05:05PM

SN

Interesting comment: "However I do not have a lot of faith in investors."

I see investors as this large amorphous body trying to make a buck - in most cases, lots of bucks. There are some very positive investors out there; there are lots of negative ones. We all know some of each.

Some are into Tribute at < 9 cents; others, > 9 cents; many >15 cents. Some are into Tribute with 10 thousand shares; some 50 thousand; some 100 thousand; some over 1 million. If the share price goes up a penny, who will sell? Up a nickel? Up a dime? Up a dollar? Some are day traders; others, "longs".

So when we use the term "investors", who are we talking about? Really.

For example, I have a sell order in for 10 cents. But it's only a percentage of my shares. What kind of investor am I?

My thoughts here are simply for thinking about, and for discussion. I like to think I'm a "long". But I remember reading (probably close to 10 years ago) the comment in a book written by a New York trader that "longs" are chumps. Take your profits when you can.

Personally, I would like to see TBM hit $1. But I'm going to take profits along the way.

SN: Thanks once again for your continued due dilligence on TBM. Appreciated.

Snug

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