Canada Day, so time for some contemplation.
Many here are complaining and lamenting the gamesmanship with our sp. While I also on a time do complain, am mostly glad it happens because...
Some of the best opportunities come when there is blood on the streets and many are running for the hills.
Ex. Recently I bought some shares with an average price of 16.9 cents.
I sold enough of them to make remaining almost free.
Even with current sp of 48 cents the original lot were almost a 3 bagger.
NOW the remainder are a 16+ bagger.
It takes courage with a calculated risk to do that.
'Ok Ed bragg all you want but I bought a sh** load in 2010 and now am sitting with an average of 2 bucks and am 4 times over current price. A lot of help you are.'
NO, no one wrote that to me, just my other self talking. (Investing in stocks like Noront does that to one on occasion. That is why I often keep a glass of Merlot handy to keep my sanity, lol. By the way short term playing with this stock allowes me to enjoy such a privilege for almost no cost.)
Well that is why I do not like to invest 'All Or Nothing'. I spread my buys and sells. Oh yes I do have a long hold which is most of my shares, but now am speaking about playing the game, with a small portion ( less than 10%) of my hold. Game that is being thrown in our faces and we can not do anything about it except watch OR Patricipate.
Needless to say, I enjoy this participation. That is why I post my method and results with the wish that more of you would agree and join in. I mean why should the funds and brokers have all the fun?
Also in answer to a posting about maybe the provincial money might not be used for the road and that is why we have the present take down.
Well fine with me, I am confident that a road ( betting on E/W) will go in and my understanding is that Noront Could go alone IF necessary but that they prefer the road is built by both governments AND roads are normally a provincial responsibility.
Oh before I forget, enjoy the holiday folks and Cheers (time for a sip), Ed G.
