I agree. I think we have to be very careful because we really...

First 75 Last

Share
Profile

Follow
SelmaBouvier

3,809 Posts.

10

27/11/15

06:42

Post #: 16489883
Share

Originally posted by nihilism ↑

Same guy as in Zhenya? He's just the $funding backer. He doesn't actually involve himself in the companies much from what I've seen, he just finds an entrepreneur he likes and puts money in. So far it's worked out handsomely for him too, as hes gotten some pretty significant listing privileges in both cases by putting in some initial $$ haha.

IF only I had that much money, I could make even more money haha.

On a serious note though, while I agree just follow the money and ride it out, often some background helps figure out when to jump... I'm sure those buying RFN at $2 (100mil MC) or 1pg at $5 (600mil mc?) would agree, good to know when quarterlies etc are coming out that could disrupt the stock progress especially when valuations get 'stretched' based on potential and company name dropping without seeing the actual $$$$

Expand

I agree. I think we have to be very careful because we really are trading dreams and stories with these spec stocks more often than true value.

I was an AJX lover and rode it from 42c to 74c, December to January. Sold it at 74 to trade PYL (thank you very much Smithy) and made enough in 2 days to have a base trading capital. Now AJX is 80 cents. The company has great management and made so much progress in 10 months but why the low value? Because it never was worth 74 cents in January. It went up on the story and the enthusiasm of holders. And PYL, well we all know how that went. Like the movie - up in smoke.

Let's hope today brings one of our Fantastic Fridays. Good luck everyone!
4 Upvote

Reply