Re: Buy out minimum
in response to
by
posted on
Oct 30, 2011 11:16AM
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)
"The world being in a major financial crises could cut both ways and make companies more careful. "
This is true, but to my way of thinking this is the time when the biggies are most happy as they get to pick off the cheap and the weak for ridiculous prices. In fact some of the greatest fortunes were made in the worst of times for those that knew how to play the bigger game....the calmer game, knowing what humans will do based on human nature. As a matter of fact I decided to play that game of late and discovered a couple of very interesting things. Firstly is how calming it is not to be in the market and to just wait. It can be alarming when things are taking off and you're not part of it. I missed out on some moves on a couple of other stocks that I liked and that part of me that doesn't like to lose was irritated even though I had made a profit on them....however I re-centered myself and bought some NOT when I felt it was ready as one of my earlier posts this week attested to the fact that I thought something was going to pop for NOT.....and you know the rest. So instead of missing out on a 15% rise on the other stocks....I enjoyed a 34% rise on NOT......on paper anyway. It is interesting to note, when I studied my past trading, that most everything that went up and left me behind crashed down well below what I paid for them. I could have stayed out and just watched the days prices for a time to jump back in. Even if they had dropped further I would have been ahead. This has happened numerous times owing to the present economic trend. The trick is not to ignore the trend. The longer one ignores a trend the longer it can take to make profit.
As you pointed out NOT could very well go down and we all know how good NOT is at doing that. But I must remind posters though that NOT is one of the most elusive stocks for figuring out what it will do next, so I wouldn't really predict what NOT is going to do for others except for just throwing thoughts out on the board for argumentative fun. My approach now is to be out for those really nasty days when I can go on the buy mode. People don't like stops and they always get angry when they work because the price often goes up....but if you have made a bit of money and you wait, the odds are that one of those nasty market days will put you in good shape again. I've had stops take me out over the last couple of weeks and the prices went up, but then after waiting a bit they also ducked below where I sold. Trick is to recognize that there will always be other opportunities when you miss one. Consider the thousands of stocks, thousands of trades, thousands of up days and then......those frightening ones. How I love those frightening ones now. :) Hallowe'en is coming!