>> It's exactly when the optimism builds to a frenzy that share prices collapse.<< How very true, very true. On any junior that has NO EARNINGS and only FUTURE POTENTIAL, just when the volumes are at their highest, things couldn't look better, Management is touting the stock, etc... THAT is the TIME to SELL, .... IMO.
If people who have held Private Placements and Stock Options at much lower prices want to recover their money and a load of profits, at what prices and volumes do you think they will be unloading? Exactly, right about now. Whether it is $2.50 or $3.50, who cares? You basically tripled your money already... what, you want to quadruple it now? Pigs get slaughtered....
Look back on some other high rolling, emotion filled, greed induced stock runup charts and see where they are 3 months later. Look back on these NRT, AZS and KRY just to name a few.... the reason being that by following the above strategy, I managed to get two doubles and a triple out of my investments in these juniors with NO REAL EARNINGS. But if I had held, well... the chart tells the story.
Congratulations to those that made good money. Time to move on and find the next low priced stock with potential. Just trying to bring some level, objective analysis to the situation.
Mike |
