Welcome to the Crystallex HUB on AGORACOM

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

Free
Message: Junior miners: market manipulation or just underperformers?

Re: Junior miners: market manipulation or just underperformers?

posted on Aug 04, 2008 03:01PM

Trading around a core is the only way to stay sane in a stock like this, and honestly the only reason I'm still in it. I'm basically a short term trader. I got in to KRY on a BB alert and became an adict. BUT! I traded around my core so I didn't mind the games as much.

April 30th was the single biggest loss I have ever had on any stock, but trading the ups and downs we've had has recovered most of my losses.

Spec stocks by nature are more risky and subject to manipulation depending on the catalyst that is awaiting. KRY's is huge so I would not be surprised if it were manipulated.

Unfortunately some of the posts I read by members complaining about their losses are people who probably should not be in the stock market at all let alone in a stock like KRY.

We all get frustrated, but we also can control some of our destiny. If you don't want to trade around a core position and plan to hold on tight, then you must answer the following question:

"If KRY (or any stock) goes to zero tomorrow, can I afford the loss"?

If the answer to the above is "no" then sell, sell now. Spec stocks are a gamble and while I think this one can pay off well, it uis still a gamble.

Sorry Sasa, I got off on a tangent. I agree that despite the manipulation this is still a sector with high reward to risk.


Let's see what happens when our Canadian brothers and sisters snap us yanks back to reality tomorrow.




Share
New Message
Please login to post a reply