Re: Dreadful Day - MJ....Adivice to Newbies and Nervous Types
in response to
by
posted on
Oct 31, 2007 05:32AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Your absolutely right Al.. MJ is playing the market and probably making a killing...both you and MJ have been right in forecasting the stock price pullback over the last week. I don't think anyone doubted that it would correct..most don't want to play and that is where the difference lies me thinks...I play and lose pretty much every time.. I might do better now that it finally corrected.. Most just want it to do well and I guess the real side of the story (aka both sides of the price movement) that should come out isn't necessarily something everyone wants to hear..
Personally I am all ears...as long as there is no "soft bashing".."the world is going to end in 24 hours" type of elequent posting. The people here are very smart but many are new to the game. We have to be careful that they don't get into moving in and out and losing what they have. Staying long in NOT should be showing positive results over the mid to long term. It did for those who have held when it was pennies..it will for the rest that buy now.
It's great to see people making money on this..like any other stock..I love to see it...we just have to make sure the guy that is nervous or new and likely to listen more to the experienced players who play the game above their level of expertise lead them to do something they will regret.
My final words then...if you want to take the "risk" of not getting back into NOT should a sudden spike occur then you should be holding your shares. If you think NOT will tank more..then sell and wait for a lower buy in price..but only a portion of your shares..and if you don't have that many..just hold the brokers will feed of you and they will get rich rather than you. If your experienced at trading in and out..take your profit where you can and buy back in and let MJ and Al help you do it with their wealth of knowledge. It's not a sin to sell....but be sure you keep about 1/2 and sell 1/2 to buy lower. That way 1/2 is there if the price goes up again unexpectedly.
My two cents worth...