Re: Valid update
in response to
by
posted on
Apr 08, 2011 09:28PM
Let me put some perspective to all of this speculation. First I would like to let you all know that I have been following Legend for the past 2 years,and I have posted many times about them on The Motley Fool. I have bought and sold a few times and I now hold 31,000 shares. My average price Is 53 cents. While It Is not a ton of money,I feel like this stock has the potential to be a ten bagger within a couple of years. I have been nipping at the shares on the way down. The people that sold the stock In the last few weeks are what I consider (weak handed Investors) When you look at the risk verses the reward on this company,I am of the opinion that It favors the reward scenario. {The Insiders are still standing pat} I am sure that many of you here are aquainted with POTASH CORP ? Well,just remember this. In 1990 this stock was tradding for pennies. By 1994 the stock was still under a buck. As late as 2005 this stock was under 5 bucks. (They were In the process of developing their substantial resources). Fast forward to today ! How much money would you have If you went along for the ride since 1994 ? A $5,000 Investment would have been worth $800,000 by mid 2008 ! This company has this kind of potential my friends. The reserves are there,and they have a real value. The world Is running out of phosphate,and Legend has a pair of aces In the hole so to speak. Buy It on the dips :) TS