re all the comments about loading up
everybody who has the thread bookmarked
should have picked up a reasonable
amount of shares today. Now we wait for
the message to get out. There are probably
two ways to play it--I learned this lesson
with another of my stocks this year.
You can get in very early and wait for the
news, that's good for a couple hundred percent
gain which has already occurred for the folks
who were in under dime. Now those people feel
compelled to get out to lock in gains, I know
I did with one of my stocks which ran from 1.5
to 4.5...I cashed out and then watched it go
to 14! But you have to look at risk--a bird
in the hand...
Anyway, then there are momentum riders. The news
is out and it runs another 1-200%. That's where
I think I am at for MINE, in at 3/8, looking for
a buck.
Then there are the investors. On a stock like MINE
they might have a basis of 50 cents from the first
day it started trading. If the story unfolds an this
becomes a nice little mine (well, actually, with those
numbers I guess it would eventually become a friggin HUGE
glory hole!) with a low cost of production, you watch
your investment go to, well, first guess five bucks,
I don't know, how many shares times the value of gold
in the ground--maybe higher?
Each type of person takes some risk, and can still get
about the same reward--this is, a couple hundred percent.
In a market like this, where all the big cap momentum
is pretty much played out, I'm willing to take my chances
with a BB.
But that doesn't mean you should spend ALL your cash on
it I think. Maybe a third of your cash, that is what I
did.
Oh, I guess there is another type of investor, the
one that gets in at a nickle and holds til the top.
But he doesn't post on SI! |
