The cdnx is successor to the Vancouver exchange, it and the Alberta one merged to form the cdnx .... while i absolutely agree with you that there is risk in junior ventures, i think that to stress the fact without pointing out that all investment is inherently risky tends to give warm fuzzies toward some direction that is 'safe', which is not the case, there was likely more lost on Enron than in all the old VSE scams put together, and through funds it was in a lot of widows 'n orphans portfolios in quantities no junior ever would be ... other 'nice safe stuff' - today i heard a horror story of a young couple losing their house, out of work and the real estate market is so down they cannot get what they owe on it, never mind what they paid, and they started out with considerable net equity in it
Some should just stay away, for sure ... most should stay away ... one way to encourage that while satisfying the impulse is for them to buy two thousand bucks worth of some PoS, lose half of it, and go away ... instead of putting two hundred thousands in mutual funds and losing half or two-thirds of that ... there was a guy who used to bug me at parties, friend of friends, at one point i finally said well look at Suncor, su.to, there's a stock that just goes up over the years, it's got fundamental reason to do so, worth looking at, get to know it and how it moves, etc etc ... and i stressed that i had just sold some and was thinking of selling more, as it had had a bit of a run and looked like topping out ... even mentioned a figure to him, 'looks good if you can get it at xx.xx', and i showed him chart sites on the net for study ... well a few months later he comes over to me and says 'hey that stock you told me about, it is no good, i bought it and it went down', lol [only thing that had registered with him was the ticker and me saying 'good company'] .... so we find a computer and i load its chart and show him how it trades in a channel, why i'd sold it where i did, and where i'd bought it back ... at this point i was a little underwater on the recent purchase, but not at all worried ... anyway, at the end of it all i realise he has never been listening or is utterly incapable of understanding, he says something to the effect that 'if after i bought it it went down then it will always go down and therefore i shall sell it' .... now this is a guy with a university degree and a professional job, quite intelligent on some subjects ... only recently did he bring it up again and say yeah now i see what you meant, but he doesn't belong anywhere near the market, and knows it .... laziness was a major factor, he just wouldn't put in the time to learn, wasn't really interested ... takes all kinds
No pineapples, sorry Graystone -g- ... cheers |
