PVM pmi gold corporation

volunteer please, page-18

  1. 1,172 Posts.
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    Disco...
    I have followed charting on and off for many years and came to the conclusion it wasn't for me..... that's not to say it isn't for you.
    I feel chartists run the risk of denying themselves very good profits from time to time.... just by refusing to pay that extra cent or two.
    A very long period in the market has taught me, for the most part, that if I feel the fundamentals of a stock warrant me purchasing that stock, then the entry price must be somewhat flexible.... pay the extra bit to be there.
    Institutions take this a whole lot further, prepared to wait until milestones have been met... albeit during price escalation of the SP.... before entering.

    You sound as though you certainly know your stuff and I imagine your response would be to say that if a chartist remains fixed in his beliefs, then over the longer term he wins out.

    I am sincerely interested to delve deeper into the chartist's mindset... and given your opinion of PVM is that of a "massive winner, great management" and is about to announce JORC Update and additional exploration results.... why do you remain rigid at a $1.10 entry point?
    Is it because the chart suggests recent sales imply all may not necessarily justify a higher price?

    What's the story.... it truly puzzles me.... and I ask this with the assumption you are successful in the market, and nobody's fool.

    Cheers.
 
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