Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Copper Fox -- Ignore unavailable to you. Want to Upgrade?

To: specboy2012 who wrote (10007)	4/1/2016 12:54:16 PM
From: mudguy	Read Replies (1) \| Respond to of 10654

I have watched this come full circle in some ways, with most of the so-called longs coming on at various times during the 2011 run-up. There were a few who took it too far and made it personnel, and a few pros on the boards too, no doubt. Lots of good people-smarter than normal, and interested in trying to make some money. It was all too easy to follow the herd going up, and to trust the same voices of reason going all the way down, in some cases of 98% from the April 2011 high. Like Spec, I have a few wounds from the process. Lots of hate mail PMs and a few posted on the boards. All to easy to call me a basher but I called it as a saw it. I was not the first to call it, by any means, but I have been essentially correct since my views shifted. I tried to be reasonable and reasoned in my thinking, which some listened to, some rejected, and some spit back as heresy. I agree with Spec- as with all things in life, we need to learn from our mistakes and to be better the next time. I have lost a few plays and now try to be critically assessing the risks and the information whenever possible. I start with the premise that it is safer to dismiss unqualified positive spin. My first "victory" was NCU- I applied a tough set of criteria to it and finally bought near the bottom. I ignored the happy crowd on the boards, and sold out for a double last week. It took a lot of willpower to ignore the "$5" claims and look at the numbers and the finances. Just an example, but for me it was a great learning lesson. The really important part is to know when to move on. People say it is not a loss until you crystallize it, but that is a reason to hold out hope when sometimes little exists. I think there was still some hope with SC until recently- that somehow TCK would decide to advance the district with Galore, and the infrastructure development would make SC viable. Unfortunately, that hope has been dashed for the near and mid term, so there is little benefit in holding for that eventuality. Pretty much every company with a viable project or producing has increased 60-200% in the past two months. You can pretty easily see the companies that the market is writing off on that basis. Unfortunately, CUU and CXM are good examples, unfortunately. Louel, CCY and NCA is turning out to be very interesting. I don't particularly like gold as an investment, but I decided to hold my CCY shares to see it to the next stage. I lost in CCY the first iteration, but made it up by selling before the consolidation, buying back post 30:1 at the level of the insiders, and now I have broke even. The NCA news was not unexpected as we thought management was going to do some kind of deal. My CCY strategy might work if someone is really a believer in SC. This stock needs to be consolidated and I am of the opinion that a company name change and management shakeup would be of value as well. The company board could use some cleaning too- they let this happen under their watch. SC needs new leadership and to put the corporate history of CUU behind it. Maybe they could take Liard public.