I, for one, do not view your comments as down-ramping: just common-sense, but it's a little late for me and, I suspect, for most of us here on the BMN thread; hence the rejection. No doubt, we've all got our reasons and rationalisations why we are 'holding' - mine is - I have turned from a trader to an investor ;-)
Initially I had traded smaller quantities of BMN a number of times and made money on that. Late last year I found this group on HC and began accumulating a share which had impressed me (BMN) just when the price began to fall. I now have more than half my portfolio invested in BMN, but discontinued the trading. IF I had continued doing that I would not be sitting on such large paper loss (my average buy price is $2.28). So, yes, SDG, you are making a valid point.
I still believe Uranium is our only possibility to seriously deal with our energy shortages world-wide, and combating our pollution problem, and it will become a favoured commodity. (I am also aware that this is a 'belief' and an assumption, and something could seriously jeopardize this.)
For now, we are in a bear market, and I have a feeling it will continue for some time: I'll quote Adrian McMaster here, who assesses a bear market as one: "where buyers curl up in a cave and go to sleep, causing prices to tumble as the buying dries up."!
I view my situation as an opportunity to put in some real living rather than sitting in front of a computer screen half a day and more.
So for now, I have also gone back to do some more reading of market-related books.
I am grateful for everyone who has contributed to this thread, be it in the way of generously sharing research, keeping our spirits up, or back-to-reality comments like yours, SDG; it's an on-going learning opportunity.
The one thing that occurs to me when I read comments on HC about a company's management and PR is this: "is the management of a genuinely forward-looking company like BMN really that interested in the day-to-day doings of the stock-market, or are they working their a...s off to get this company going?" My answer is: "the latter".
A good example there is PDN - not many releases but beavering away like mad to create a 'real' company.
Lets have patience, bide our time and do some living!
Cheers
Taurisk
BMN Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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