TODAY'S DISCOVERY, TOMORROW'S FUTURE

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Message: Re: TFSA contribution question
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Feb 04, 2010 08:03AM
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tau
Feb 04, 2010 01:32PM

Feb 04, 2010 01:35PM
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tau
Feb 04, 2010 01:38PM
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tau
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Feb 04, 2010 02:23PM
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tau
Feb 04, 2010 02:58PM
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M
Feb 04, 2010 03:52PM
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Feb 04, 2010 03:57PM
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tau
Feb 04, 2010 04:06PM

I can't roast you, gamblor77, because I concur with what you say. I understand the frustration when a stock price continues to set new 52 week lows. However, I also can't imagine how our management might have acted differently over the last year or so such that our stock price would not have dropped so low.

On paper, I have lost a LOT of money on this stock. However, I knew it was speculative when I made my purchases. I know it's still speculative, and I continue to hold - not because I can't afford to sell (it may very well test new lows yet - especially if this year's results are unexciting), but because I believe it to be a speculative stock with a lot of potential. I may be wrong, as everyone else on this board may be wrong, but that is the nature of speculation.

I CAN say that my original reasons for buying this company still hold true and, if anything, it's a more compelling purchase now than it was when I made my first purchase.

So, I'll continue to watch and wait with as much patience as I can muster. I hope I won't be put in a position this year where it makes no more sense to own this company. That, however, is a decision I can make only when the results of our current drilling have been made known. Until then, I'll continue to take consolation in the fact that we DO have a good management team and they ARE doing the best they can with the resources at hand.

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Feb 04, 2010 04:14PM
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