Well it is really nice to see some honesty and smart trading discussed on this board for once. I have followed this stock for just as long as all these other long-term holders calling for $25 by october, but also took the opprotunities to get out and grab cheap shares. I also got out of half, and now have an ACB of $0.00, and there is nothing wrong with that.
I also did the exact thing with FNC yesterday, sure I sold a bit early, but agian, my ACB is $0.012/share, basically now a risk free, zero cost long-term holding.
I tried it with probe today but it didn't work and I got out quick with a small gain.
To each thier own trading method.
Comments such as
"Short term, we will see steady increase as more and more people want in on this great, undervalued company, probably hit $1.90 tomorrow. Once news is released about hole 49, we will quickly run up to $4-5 range within 2 weeks and once everything sinks in about this being the real deal, we will see around $10 per share near the end of October. The only caveat I will put on this is if the world markets have a huge pull back, otherwise, we are flying. Why anyone would sell right now unless day trading is beyond me. We have crossed the proverbial infrastructure hump and that is the reason we are running...a mining camp in McFauld's lake there will be!!"
or
"anyone selling now is an idiot"
are in every other post on this forum, so a nice counter arguement, and trading strategy(where the risk to the investor is now ZERO) is great to hear, and should be allowed to be promoted.
This quote from Kaiser about self glorification on here made me laugh out loud.
I believe in this story, but I also believe both sides, and different trading stragies should be recommended to the many followers of this forum to counter the perma-bull only LT holders arguement, which really has not panned out thus far.
Forum readers should ask themselves: are those who rode this down from $7 constantly pumping, and never discussing the trading opprotunitied on the way down, the people from which one should be taking investment advice(not that anyone should every base a decision from these boards)?
I am very happy with my risk free, $0.00 shares, and certainly hope they conitinue to rise.
bulls
