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Message: Paper lossesVS Hard Assets...

Paper lossesVS Hard Assets...

posted on Jan 16, 2008 03:36AM

To many new investors crap them selves over paper losses..Relax...

hard assets..ie....gold in the ground will be there till we dig it out and sell it..!!

The paper losses will reverse over time and the share price will come back..The only way to loose money on a sure thing like KXL is to sell your shares...

 

There are two ways to loose money...

Sell your shares below what you bought them for...

Sell your shares before the gold is dug out of the ground and sold.

If you believe that KXL is a good investment and that is why you bought the stock in the first place,you were absolutely right....

Tremendous gold find..HUGE...

 Those assests have not gotten up and left..

The gold is still there..

If you have lost your initial faith in your investment,and you were wrong in the first place....sell out and move on..Take your losses now and move on..

If you have borrowed money to buy KXL ..The share price has dropped and the broker is hounding you to  pay off your margin calls...sell ,take your losses and get on with it...

You are NOT a KXL investor..you are a KXL gambler...tough..Take your gambling losses and move on..

If you are short the stock..eventually you will buy back...Good luck..Good for us investors that are long.. 

 On the other hand..If you are using your own money and want to make a bundle and you have time on your side,stick around..KXL will eventually spin off(NOT SPLIT) two different companys...You will be part of that if you hold KXL stock...

Your share price will appreciate greatly as drilling results come in..

This is a blue chip investment..Don't let anyone tell you it isn't ..

Coach is telling y'all good stuff..haven't been able to catch him in any Bull  feathers yet..

Listen to him..I have been in this game for twenty years and make my living at it ..and a good one at that..

I also look after 6-8 family accounts that all make moneyso know a winner when I see one.

My advice in these trying times...

Don't watch the minute by minute plays...

Oh paper loses....yep I got 'emm..Down $250 this morning...Have I lost $250K...Yep..ON Paper!!!

Have I lost $250K hard assests(Dollars)...nope..!!

Didn't sell a share of anything...

It will all come back..I have been through thios countless times and used to panic like the Lemmings that that wise old sage,Proto-Baggins talks about..and losyt lots of money..

I don't panic andy more..

I buy investment grade stocks..KXL being one of the best I have seen in years..

I rank KXL....the right up with MFC .....ALS and BNS....

 So Cheer up...Have a coffee and relax..This too shall pass..

Today we will take anotherb licking but remember my post...It hurts to see it drop but it sure is fun when the market turns around..

hang in ..

Oh the price of gold this morning..??

All down this morning...at

8:35 EST..

 

So chin up...it will be OK..

CDN $   97.80 -0.46
*US Gold   888.40 -14.20
*Lt Swt Crude   90.77 -1.13

 

 

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Jan 16, 2008 04:21AM
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