Re: Try to Be More Supportive of Expressed Frustrations
in response to
by
posted on
Apr 21, 2008 05:56PM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
Everyone should listen to JC here. But also remember one thing:
Just at the point when retail becomes so frustrated that they finally give up and sell....that is when big money steps in and buys. That is the picture they paint and they have patience.
I have made some good change, almost as much as my regular job by following this same action and buying when everything says sell. It is hard because you have to do your OWN DD and know that what you are seeing in the price action does not jive with reality. Big money canwait and play games and since the vast majority of retail investors and traders do not do DD and they buy/sell on emotion. This is the life blood of traders and they view trading as kill or be killed. Trust me on this.
The plain and simple truth is this:
If you believe in KRY's future hold or better yet, hold a core and use the volatility to make money on the side trading the swings. I believe I and others have offered ample opportunities to do so.
Second, if you cannot stand the pain and are not willing to hold, then get out now, because KRY is likely to go down further before the ultimate up. To hang on with weak resolve is to set up yourself for selling later at the absolute wrong time.
Do NOT trade based on what someone says on this board or others unless and until you do your own DD to validate your positions. Far too many people put far too much faith in a great announcement this weekend. I admit that I did not think the market bought that idea but today's action showed there were enough painfilled longs who gave in and sold. Anyone watching today would have seen most of the orders going off from the bid to the ask...buying....yet the price went down. Why? Because smart money does not buy all at once and waits for sellers to come to them. Many retail longs have been accomodating them.
It is well known that most retail investors buy high and sell low and again this is the life blood for big money and traders. When retail investors wake up and see the value before them, biug money will have to raise their bids. It may not be tomorrow or even this week, but I am prepared to ride my position dow much further and add along the way because I KNOW why I own KRY and I am willing to risk it. Speculative plays are many times an all or non proposition. If you cannot afford to lose it all then get out now. But if you do your DD and see that the reward outweighs the risk then you should stay. Not because some guy who claims secret intel (and there are many out there) but because YOU believe and YOU are willing to take the risks.
While I won't go as far as Kracked1nut, I know that I won't surrendor my core shares as long as I still believe. KRY is just too undervalued and sooner or later it is going to go up.