You ought to be able to get in around 3/4ths,
I gave up and settled for a 100% gain and sold
all my shares just now at 3/4ths (had gotten in
at 3/8ths).
I hope that all of you beleivers on this thread
do not flame me, but I just could not take the
stress of watching this march down from $1.50 to
half of that today. My trade was the most logical
thing I could do under difficult circumstances--
I simply had a gain to protect.
This may very well run to several dollars per share
this week--and it is probably worth at least a couple
bucks a share (certainly the buck a share I have
often given as my target). But for me, it is a matter of risk
and reward, and I have plenty of other stocks (biotech mainly)
that I like much more than Golden Eagle. My gut reaction
to the whole thing is that a group of people with less
than optimal organizational skills, but more than enough
drive are going to have one of the largest operations in the
world. The remoteness and the nature of Bolivia has kept it
from being exploited before now, but there is no reason to
beleive that there aren't 6M+ ounces of gold just waiting
to be leached.
Giving up 15000 quarters (settling for less than my target)
is probably the greatest mistake I made in all this, with the
next largest mistake not reserving 5k shares to have and hold.
But like all my trades, it has been another learning experience.
Good luck to you all, it has been a pleasure making money with you,
I hope some of you get filthy rich off of this!
I guess I have a final message to newbies on the thread:
You are your own worst enemy, and while trading can make
you money, the excitement--the fear and the greed--can just
as easily steal away from your profits. Case in point, at one
time I had 150,000 shares with a basis of eight cents. ("Doh!")
Anybody want to trade some pumpkin futures after Halloween? |
