OT- Investment advice Gold Stock....

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Sell......you have almost tripled your money...remember bears and bulls make money pigs get slaughtered............G.
 

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G. MONEY said:
Sell......you have almost tripled your money...remember bears and bulls make money pigs get slaughtered............G.

I hear you G MONEY, but the funny thing is....

there may actually be GOLD on this site.... strong indications are that there are....

if they find it.... this could become 20$ overnite....

maybe I should sell 1/2.....
 

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SportSavant said:
I hear you G MONEY, but the funny thing is....

there may actually be GOLD on this site.... strong indications are that there are....

if they find it.... this could become 20$ overnite....

maybe I should sell 1/2.....

Selling HALF seems like the prudent play to me.

Selling HALF guarantees you a profit and a chance for much more.
 

AKA SCnit
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Gold is never a valuable investment in long-term. Stocks have proven to be more profitable.

Great find in the short-term!
 

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HOLD... You have not come close to losing on this. This venture would not be expected to see a fall in share price at this price. If there is infact a good find ( barring any Bre-X bullshit), this will jump. If you jumped in on this @ .23/share and sell @ .60-.65/share, a great volume of shares need to be sold to see any real portfolio value increase, even though selling 30%-33% of your shares would net you a free ride into the abyss of THE GOLD RUSH.

I say hold, if unsure of the stability , sell enough to take the free ride.:103631605
 

Rx Wizard
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Woofdaddy is the man in this sector.

With that being said, if Goldcorp (GG) is buying a 10% stake, this is a legit long-term investment. GG is the grand-daddy of the Canadian gold stocks. Hell, I would even buy more, on dips. Also check out penny stock African Platinum (AFRPF).
 

Platinum is bought not earned
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SS, the gold sector is very unlikely to cool off this year, there will lots of money looking to find a home in this sector. Having said that, you can never lose taking a profit. If there is a substantial time that passes without further news, this stock will more than likely continue to slip in price. I think we may see a lot of wild runs in this sector, just want to make sure your not left holding the bag at the end of the day. GL
 

Triple digit silver kook
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Rather than selling based totally on guessing, place a stop order under the stock at a level you are comfortable selling.

Raise the stop accordingly if the stock continues higher.

Many people have been doubting the gold/commodity bull market since it started.

Countless stocks in this sector are up more than 20 fold. Some are up more than 100 fold. I am sure alot of people sold their shares thinking they were superstars after doubling their money.

This is a very small sector and when real money starts being thrown at it, this sector will exponentially grow.

When every other guy you speak with is telling you about the latest gold stock he bought, either sell or get ready to sell. We are many years from then as today most people cannot spell precious metals and are still in technology. Until then, I am hanging onto all my precious metal shares.

Also, Vancouver will be the wealthiest city in North America much sooner than later, as many commodity based companies are HQ in the area.

Congratulations on your investment.

:chest:
 

Platinum is bought not earned
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DAWOOFDADDY said:
When every other guy you speak with is telling you about the latest gold stock he bought, either sell or get ready to sell. We are many years from then as today most people cannot spell precious metals and are still in technology. Until then, I am hanging onto all my precious metal shares.

Isn't that the truth?? Write that one down and tape it to your monitor and when you are at the peak of Euphoria with all the money you've made, remember to sell.....
 

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ppeter said:
Woofdaddy is the man in this sector.

With that being said, if Goldcorp (GG) is buying a 10% stake, this is a legit long-term investment. GG is the grand-daddy of the Canadian gold stocks. Hell, I would even buy more, on dips. Also check out penny stock African Platinum (AFRPF).

ppeter, you had the right answer, I didnt buy more, but I held......

It is closing in on a Dollar,

I picked up at .23 cents.....

any more ADVICE? thoughts?

http://finance.yahoo.com/q?d=t&s=BFD.V
 

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First off nice score.

Second what portion of your investment portfolio is this? If it is under 10% then you might as well let it ride assuming the rest of your portfolio is made up of much higher quality. Another point is not to trade this stock due to the very high spread. .02 on an .81 bid is 2.5%. In sportsbook terms that is like betting on a team with nickle juice when others are 0 juice.

Third if you want to invest in gold stocks there are other large more stable companies to try: RTP, AU, NEM, ABX, PDG. Those are the big 5.

Lastly these pink sheet type stocks are very easy to manipulate be carefull.
 

Rx Wizard
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i think a correction is right around the corner, and the uptrend will resume, but penny stocks are notoriously volitile and spreads wide, so it will be difficult trading in and out of the position. Just hold it. It maybe a multi-year hold, if you can wait that long.
 

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Slow and steady wins the race when it comes to investments. ALWAYS lock up assured profits. Never be greedy. Much like scalping, a small assured win takes the gamble out of gambling.

I'm holding some health care plays long term. Huge bubble of older Americans coming into their 60s that will require medications, hospitalization, nursing care, etc.
 

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Being a Stockbroker by trade (please no bashing), I'd say when you see a stock that's has more than doubled in the last 30 days and traded significantly more than their float in the last 3 trading sessions.....take some off the table!

You can never go broke thaking a profit.

Nice trade.

Hal
 

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Also, did you notice that management have almost no stake in their own company??? My data may be flawed but it appears only 1 director owns a measley 700 shares????

Not sure what occured but this time last year but most of the insiders sold all of their stock.

Hal
 

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Take a small profit and HOLD the rest. My Banker told me today that he has yet to see anyone go broke takeing a profit.
 

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