.Trev, you've mentioned your distaste for traders before, once on mpv which i didn't answer, sorry. Imho increased individual trading is to be expected with the increased and speedier access we have now, it's all part of the computer revolution. I think many if not most of us have some sort of compulsion to attempt to beat the market, and it doesn't necessarily mean we don't have buy-and-hold positions in the same stocks as well. Trading works well once you figure it out. Sure a novice will get all enthused and buy up on a run, then bail on the disappointment of a sell-off. But those who survive that stage go on to do well, and anyway it all adds to the liquidity of the market while reducing, imho, its volatility because there's somebody there to sell the runs and buy the dips.
I do trade this one, in a small way and only for a fraction of core stock.
If my mango tree had had an internet connection during the New Year's Run, I'd have been selling a few. Since I got back, I've been buying a few. Looking now for the bottom, and will try to be at the computer in the morning, i think it's going to get whacked in the first half-hour and then turn around, we've had three strong down days now and that won't be sustained. If it goes against me, like it did in Mar-Apr, well then I'll just hang around the thread and crack jokes and wait. No big thing, and none of it has any effect on the progress of exploration.
Check out the mood on the wsp thread last spring. Pretty bleak. But that was a time to buy. And one reason why I was able to buy was because I bailed big when Bishop pissed on the stock [at ~1.10, not .98 like that SW article says] while he was pumping Lexam. Which reminds me of a joke -
chart.canada-stockwatch.com <----- Bishop's Pick. rofl.
None of this will affect the timing of when Sophie hands out the dividend cheques. |
