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AGORACOM Wire - Wednesday February 15th, 2012

Breaking News ....

Lomiko (LMR: TSX-V) to Complete 43-101 Report on Previous Drilling at the Quatre Milles Graphite Property *CLIENT* Read More

Top Sector Stories ....

Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT* Read More  |  Profile

Strike Graphite goes "Beyond the Press Release"

McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

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Message: "Risk-takers" these days, I tell ya.

Lightning_20__20tornado
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"Risk-takers" these days, I tell ya.

posted on Nov 14, 09 09:05AM

Do tell?

It's one thing to not agree with an opinion, to tear at a guy's very soul with a condescending attitude, that's simply rude but not a first.

I just recently had a chance to converse via inboxes with 2fast4you in regards to another equity we had a mutual investment in. The guy is a standup individual who goes the extra mile to get things done, I respect him. We may not agree on some things but we certainly don't trash eachother because of our strategies.

Let me offer this if your a neophyte investor or seasoned veteran, there are two posters on these threads that I would listen very closely to. One being Crowlee the other Herbacious. Why? These fellas take their DD to the nth degree, no BS, simply "it is what it is", choose to listen or not. When there is a fly in the ointment or time lines look drawn out they simply fade away, rather than trash the equity. The junior resource sector is littered with false starts and broken dreams, it's the nature of the business, expect the unexpected, the only sure things are death and taxes.

In essence we are all risk takers, it's simply a difference on how we mitigate our risk, there is no right or wrong way, do what works for you.

In my earlier years I disdained chartists, what I learned over time is that they had their value in certain instances, another piece of the DD puzzle.

Let me relate my first experience with someone who did TA. I'd always be on my Dad's coattail when he made his trip to the brokerage, I found it fascinating, my father was a die hard junior resource player, a heavy hitter in his day. I enjoyed seeing the old dawgs huddled @ the tickertape, scrumming through the brokerages reccomendations and skimming through the latest news updates, it was exciting. My Dad pointed out one of the regulars to me one day, he was the local TA guru, heavy into the commodities. He had a clipboard loaded with charts augmented with a ruler and pencil. My Dad whispered to me that "the fella made over a million dollars the other day", in those days it would have amounted to the buying power of @ tens of millions today. What I remember to this day is what that individual wore, a tattered old pair of brown shoes and clothing that had been worn thin. What really stuck with me is that he could have retired that day and lived comfortably the rest of his days, he didn't , months later he squadered almost every penny back into the market, he had convinced himself that TA was infallable due to his recent success. There he was a few months later same old tattered shoes with the same worn out clothing, holding his clipboard drawing lines, I recall feeling very sad for this individual.

Risk takers? I'm one of them...I'll tell ya, mitigated risk!

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