Another interesting debate created by Vendor.
Vendor, "the ultra conservative"
"Every thread you go on there are guys talking their stock up exactly like they are here, sometimes, more here!!"
When it come to your own hard earned money, being conservative, considering the arguments for buying a stock from both sides, considering the future sp movements from both sides, is a pretty wise choice in my opinion.
There are too many investors who throw their money away because they get caught up in the "talking up of stocks" on these forums, or get too emotionally attached to a stock, or greed overtakes rational thinking.
ADN is the classic example. Recently the HC forum was talking this stock up to totally unrealistic share prices, based on a few drill results. So those seeking "adventure" were buying at 22c, 23c, 24c and 25c and most are now sitting on huge losses with ADN now at 7.4c.
Vendor does act at times like the "devil's advocate", and we should all have some of this in out thinking. No one knows what the market is going to do. The POG could drop back dramatically, ABU has weakness at the moment.
There are those who've sold out of ABU at 3.8c and looking to get back in again at a lower price.
I like the ABU story. I like reading about their developments, I like feeling a part of the process by holding ABU shares, I am a proud shareholder in the company. But I can still have all of this pride by holding $1 000 worth of shares, and not a $100 000 worth of shares that some people have.
The Gold Price has some good momentum but conservative thinking is that there is a good chance that it might fall back.
No one knows what highs and lows ABU is going to have over the next 12 months. If it peaks at 6.6c and then falls back, like Vendor has said, there are plenty of other stocks that would be doing things similar to that.
Thinking conservatively, being alert for times to buy and times to sell. Taking some profits along the way are more successful ways of making money on the stock market, than being totally enraptured with a stock and holding onto it no matter what. E.g. KGL holders who bought at $1.40 and are still holding at 8c now!
I hope that ABU has a meteoric rise, but I can't see it happening at the present time. Quite happy if the first of many peaks over the next 2 years or so is at 7c! Then the decision will be whether to take some profits?
Keep the posts coming Vendor, despite the criticisms you face. Everyone needs to keep things in perspective and some are far too overly optimistic in this forum about ABU in the short term, IMHO.
Long term, I do like the story.
GO ABU!
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