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Gold/Mining/Energy : Nuinsco Resources (NWI)
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To: SwampDogg who wrote (3556)4/25/1999 1:56:00 PM
From: 4TNiner  Read Replies (1) of 5821
 
Fuddle, I am not entirely optimistic that I can sell the stock at the price I want now to be able to buy in later a t the lower price. I won't have sense of where it is going until after the next NR. We don't have much more to go until this stock is back to is trading range of last year when it was tracking at .60 and then falling in the late summer to its low range of .30. I still think it is early enough in the game to see more good results and I am not an insider so I expect to be one of the last to know if things are good or for that matter bad. If they are good this thing could pass me by( for three weeks now we have heard a NR was coming and could come out of nowhere) and the next thing I know it will be where it was when I first bought in. That will mean I will have paid a tremendous opportunity cost. As I said before if I was looking to make money inthe short term I should have sold but I believe that the opportunity is such that this thing still has a good chance of returning. Kinda like real estate. Even though the value of your house may have a dropped in the last five years if you do not sell it it doesn't matter. It only matters the second after the sale has been made. That is when you either make, break or lose. I am still long so. Now for a guy with 1000 shares the cost of fees can make a sell strategy not advisable if you think the price will come back. If you do not have enough shares your buying/selling fees as a ratio of the total transaction can add insult to injury when a stock has lost value. I doubt my posts hold the attention of any large trader since I doubt i can help them or guide them. For a small player like myself panicking and dumping shares at a loss while paying commissions may mean that you have to suck it in and except that a drop is coming but the costs to leave and then return if you do not own alot of shares may be less desirable if you think the stock will go back up.
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