Well, I am convinced you know your stuff. It's not news that most mining plays are exactly that, paper plays. Less than 10% of all these companies ever delineate anything of true value. The promoter/house loads up on cheap paper, and creatively sells the story to the public via a series of newsletters, road shows, brokers, IR, and anything else that might drive sales. Their shares are sold into strength, and Joe average ends up holding the bag. Fact of life.
So you identify the beginning of a promotion, based on volume and price, take a position, and plot your exit points on the way up? Am I close? Very pragmatic, I can understand why you are successful. The 1 million dollar question is, how do you identify the beginning? Do you use a program like chartsmart, or just by watching the old ticker tape. Thanks for your detailed reply earlier, it was most informative.
Regards, Hugh |
