xen, - it depends on whether you are a trader or an investor (if...

xen, -

it depends on whether you are a trader or an investor (if you don't know what you are, you should figure it out quick).

Most of the cheer squad here, including me are interested in the company - hence either investors or close to it.

If you are an investor in a company like fml - it can be a patient and painful business to hold - why? Because it is such a dynamic company - sure it would be beautiful to jump in and out with a nice margin and continually increase your stake (assuming you have no tax implications) -- but the big danger with fml is that at any day they can come out with some announcement that will blow the market away and you would be left out in the cold. There may be a lot of elephants hiding in these tenements.

I am not a newbie - and I can tell you one of the hardest things to do as an investor or even as a trader (but more-so as an investor) - is to reenter a stock that you have got out of at a far cheaper price.

Eg. if you were in at a price eg. 3 or even 6 and out at say 8 and then the thing leaps to 20 - it is dammed hard to buy back in at 20 psychologically.

So the easy way as an investor is to stay in and ride the bumps - not necessarily with a full hand - but always have something in.

Imagine if you are out and we have some drill results come in from TI which just are out of this world (that happened only up the lake from TI a few years back).

The market might just go ballistic (it may not - but it would certainly move) -- how would you feel?

Take it from me - sick doesn't even begin to describe it.

fml will always put people in pain - no matter what it does - if we the cheer squad are correct - there will be much beating out of brains from those who got out before a rerating - and for those of us who are in, if per chance fml just doesn't move - we will cry over lost opportunity.

I can only defer to one of the true greats - Jessie Livermore who was very very firm on saying that staying in is the hardest thing to do when you know you are right but other buggers are saying you are wrong and the sp stubbornly won't move up -- BUT - it is where fortunes are made.

One thing I am very confident of with fml is this - there is minimal downside risk. You may miss opportunities if the cheer squad are wrong - but also you may miss the buy of a lifetime if we are right.

I hope this helps

pinto