Been awhile.
posted on
Oct 29, 2009 09:21PM
Edit this title from the Fast Facts Section
Hey guys,
I just joined. How do you like those PUPPIES (not really puppies anymore, 10 and 9 years old). How is everyone? I sure hope better than me. I have been busy losing my shirt in the world of junior exploration companies. There really should be a warning page when you try and buy into these. I was a new investor in Feb. of this year, and am almost done already. I have depletted my accounts by 85% (60 k) and am totally shell shocked.
While I tried to make things better for my family while being laid off, I made it 100% worse. Over the last few days I have come to realize that it is gone and trying to move on. I decided to check in and see what you guys were up to, and finally found this board. I dedicated hundreds if not thousands of hours into learning the markets and my investments, but in the end the gambling got me.
I don't want to harp on it, but hoping we can try and put our minds together here and make some wise growth choices for all of us and my RRSP that I have time to hopefully bring back to life. As for my cash acct. I really need the cash and I don't know how much longer I can go without using some or all of it. It really sucks to have to realize all those losses. I keep thinking one more stab at a double to try and get some back, but I am so shellshocked I can't even make a decision anymore. I hope you guys can help. I am just back to work, so I don't have as much time for this, but maybe that is a good thing. LOL!
First off I will tell you the companies I am in and maybe some advice on whether to stay in or what. Again I am shellshocked. I can't seem to buy, sell or make a decision. I know it is hard for others to make decisions, but looking for some ideas and T/A. Really don't know what else to do, other than sell and exit, but again not sure. It is almost all gone already. I went from one big loser (AZG) and moved into DEC, MTB, and EAR. Even though they are 3 different companies, they all crashed at the same time being JV's and area plays to the Stewart area in B.C., Canada (another rookie mistake). They all just crashed on Monday, when I was praying for good assays out of DEC and MTB. Please have a quick look if you can and let me know what you think, it would be greatly appreciated. I am another humbled new investor, by these crazy markets. It is not easy, that is for sure.
Thanks in advance for the help and ideas.
Ryan Piper
P.S.- Klaus, if you could email me, I have always wanted to keep in touch. m_rpiper@yahoo.ca
PSS- I just saw tonight Ross J. Beaty just bought 30% of NRD, a copper producer in Arizona. He took 12 million in shares at $.30 (I think). What do you guys make of that company. Maybe a little safer having proven tonnes and actually producing. Could still have some upside, and seeing Ross put so much behind it says something.