Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.04

+0.4%

Nov 11 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

benwood

To: Rarebird who wrote (112650)	10/30/2020 2:13:29 PM
From: Rarebird	1 Recommendation of 116753

I told this story once on some thread and I will tell it again. I bought an insurance stock in the early 90s named CGY. The stock proceeded to fall about 20% right away. I called up the company one morning and the CEO picked up. I asked him what's wrong with your company. He said nothing, why. I then said your stock has fallen 20% since I bought it. He giggled and told me not to worry about it and buy some more. I said really. He said yeah, I have no idea why the stock is falling, the company is fine and doing well, that I can assure you. I then hung up and told the story to my wife. She told me, sure, he is being very nice with your money. Bottom line: 3 months later the stock got bought out by GE and I made a little over 50%. The moral of the story here is to show how insiders react to declines in their stock price, if they know they are running a good company. No panic. Just remain cool, calm and steady.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next