Welcome To The Spider Resources HUB On AGORACOM

First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Confused

Confused

posted on Feb 28, 2008 06:50AM

I have been a fan of Spider since I bought my first position in 2000. But this is only due to the predictable nature of the stock price. Since 2000, I have bought it and sold it repeatedly, knowing that it pretty much trades at a spring high which is 3-4 times its 52 week low. I've made a good bit of money at it too.

Every spring, there are stories out about the ML area that cause this spike in prices, and I don't see how this year will be any different. I certainly hope that I am wrong, and due to the activity last fall, it could be that I am. Personally, I would love to see my 300k shares hit a buck - but I'm not holding my breath. My plan remains the same - sell my stocks when the shares hit $0.25, short sell the same number and cover when the prices fall again to about $0.10. And they will. They have for the last 8 years. I am confused on how anyone who has followed the stock for years can believe otherwise.

Flame away :)

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