BUY 0.00% 0.4¢ bounty oil & gas nl

tight stop losses being triggered, page-18

  1. 1,710 Posts.
    Wanelad1,
    I have been in the tech business for 20 odd years, yeah seen alot of technology companies go blue sky and severly go down afterwards. I have never invested in tech. My rewards have been commodities and resources. I do alot of research on industry, company, tenements held, management JV partners etc and learn the industry so that i can interpret announcements and read siesmic outputs and drill reports and then make my own judgement. Its alot of hard work but its fun doing it. For example I got in at CTP initialy at 0.09 and then averaged down to 0.082. When people were dumping it i was buying it, cause i beleived it was under valued big time. I held it for 2 months and sold it 0.135. I sold it because i beleived that there are too many JV partners in bed with CTP and each one of them got different agenda's. Its too hard for CTP to get all parties to negotiate imo. So i dumped it for another stock. I will probably buy CTP again.

    ANyway we all get burnt and you only learn when you do so, NOT when you win... I rode the crash all the way through and it paid off big time for me, I did panic but did not SELL. I had spare cash and i averaged down on stocks i tjhought were severly under valued. I f i would have sold i would still be licking my wounds....
 
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