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19/04/18
19:07
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Originally posted by Humphrey2017
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Hi all,
A word of caution to the all the 'investors' who freaked out yesterday and sold their shares on what was actually GOOD NEWS...
Do not trade on emotion.
Do your own research (DYOR) and be confident in the company that you have put your savings/superannuation/retirement money into.... invest only if you understand the Fundamentals of the company and the business.
I personally am unashamedly pro-OGX and will defend and shout out the pros of this company from the top of the roof... I do not flip and flop from one stock to the next - this is my stock and I have seen the highs of 30 cents and the desperate lows of 2 cents.... I have done my research and I will back the new BOD until our Chairman Smokin Joe Pinto, CEO Jeremey 'show me the money' Gray and COO Richard 'Goldfinger' Crew get their big fat bonuses at 5000 ounces of gold per month.
Be wary of the continuous up ramping and sudden down ramping from passive-aggressive 'day traders' or 'short term traders' - these guys are easy to spot and will flip flop with the sentiment of their posts feeding on two main emotions from investors - 'fear' and 'greed'...
Firstly they will ramp up their posts when the upcoming news may be good ... then they will suddenly down ramp their sentiment when the news is not 'as expected' - you must understand that they are flowing with the emotions of shareholders pushing the price up when everyone is greedy and pushing the price down when everyone is fearful...
Then they will buy or sell their relatively small investment (ie around $5000) making say a 10% daily profit of about $500 ($2500 a week) not bad for doing nothing more than playing with inexperienced peoples emotions... do not fall for the emotional ramping.
OGX is currently a relatively small start up company and is therefore particularly susceptible to these type of manipulations... fake bids and BOTS (automatic bids that are based on algorithms that suddenly disappear) are regulars on small cap companies like ours.
I will say this again - this is not a get rich scheme - this is an investment.
You are investing in an actual REAL gold mining company , people work there, there are real challenges, there is a big hole in the ground where guys are blasting ore that is then transported to a big machine that crushes the rock and produces a 5000 year old tradeable commodity -gold . This is not just some numbers on a piece of paper or a game on your computer.
Do not invest if you do not understand what we are trying to achieve here. If you are not prepared to wait at least 6 months to see the company grow and become a real viable entity then sell your shares now and buy some lottery tickets. In any case good luck to all (GLTA).
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This is a company not a sporting team. Invest/trade whatever with eyes wide open and plans in place. Buy, hold and hope is not an investment or trading strategy. There’s no reward for doggedly holding onto a stock from 30c down to 2c and back up again (or to suspension and delisting) while bleating on about its long term merits. There’s nothing wrong with taking profits and nothing wrong with cutting losses. Having entry and exit plans based on both positive and negative outcomes either technical, fundamental or both is actually a sound idea.