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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@Jayfire@Alan Yeah, because then the promo is based on incentive. It's being pumped for a (very good) reason $$$. It's always a good idea to be skeptical of everything you hear/read, regardless... but when u discover the person is getting paid for their services, then it becomes blindingly obvious why they are pushing THAT story. It's a justified red flag... but again, not saying u can't make good money off a pump b/c u certainly can. Just not my cup of tea.
@Alan@jayfire but the promotion should be based on an incentive other wise they wouldn't do it! If there's no incentive why do something? Isn't it your incentive to make money speculating? Would you prefer to buy a quality company that is promoted or not promoted? It seems like you're saying it's a negative to get paid for certain services. Surely the CEO of the company is the true idiot if they don't get value for what they pay for. They may genuinely like and believe in and have made open market purchases in the company. There's no way of knowing!
@Jayfire@Alan I got nothing against promotion... but it's got to be backed by substance too... Ivanhoe is heavily promoted and Robert Friedland is the master of promos... but the drill results back it up so it's justified... I'm just saying that if you're following somebody and they ONLY highlight certain companies b/c it fits their agenda and they get a fat package for it, be cautious and skeptical... Ask yourself, "Is the company/asset itself LEGIT?" If that's a question mark, the promo on top of it is a major red flag to avoid... or be extra careful.
@Alan@TheGalvanizer- the question I'd want to know is whether the promoter themselves are ethical and rational and whether their interests are aligned with yours. If not I couldn't care less. @FundamentalAnalysis I'm not sure if receiving payment (regardless of the method payment is received) would be classed as being unethical. They are exchanging their time and effort for payment. I see no problem in that. Plus someone mentioned they don't have a newsletter (i thought they did). I think taking a risk and exposing a quality company by promoting it in a bear market is a useful strategy. I mean it's got us lot talking about it so it must have worked :) @Jayfire I agree that the drill results need to back it up. And also remember Mr Friedland has been no angel in the past. Promotion is just one part of the puzzle. In my opinion people is the most important.
@Jayfire@FundamentalAnalysis Great comment should be pasted into the #newbie room as a cautionary warning... Things will get far more interesting (riskier) when these mining stocks catch a bid and the hype comes back in full force...
@JayfireI'm going a tad bit more conservative and hoarding more cash... the last beatdown was painful and I think I need a lot more pain to rapidly deploy more capital... too painful otherwise. I'm hard-headed and a slow learner but trying to be more selective and resist chasing momentum.
@HHorseman@Jayfire ditto. Taken some profits and/or small losses in a few that have bounced, and waiting for a last down leg. Still think we may be looking to bottom in June around the FOMC. I don't miners will drop that much more, but we haven't really had that blood bath capitulation spike down yet, even thou the correction has been severe since the election.
@Jayfire@HHorseman Yeah, with a potential rate hike in June looming I can't really see the metals/miners soaring to new heights... I could be wrong of course, but this relief rally has been a welcome sight to trim some off the table and book some much needed profits.
@FundamentalAnalysis@HHorseman@Jayfire Did the same......I just want my own companies especially $SSL to get a smashdown. Not fussed if others go up lol. Smashdown for no real reason off course, not because of negative news.
@Jayfire@FundamentalAnalysis Smaackdowns on negative (fundamental) news make me want to quit this space/sector for good! Those are the toughest pills to swallow playing this game... Blood in the streets for no reason or just b/c the metals are weak still lets me sleep peacefully at night.
@Alan@FundamentalAnalysis Yeah good points mate. Yeah I agree with you on #katusa. I certainly listen when he speaks. Yeah many of these juniors are pretty dependant on the gold price unless they make a major discovery. @jayfire Yeah I'm looking to sell and hold more cash after the last shakedown. I found my loss limit on the last one! @Brendan - I'm pretty sure that options and warrants values are reliant on the underlying company doing well. Put that in the computer and see if it works. Also we have no way of knowing if they have made personal purchases. If they did work then they're not really free. It's a form of payment.
@Jayfire@MiningBookGuy Interesting thought on promotions and whether or not they HAVE to be paid for. I think we all just naturally assume that since that's the way things have been done, or so conventional wisdom would have you to believe. Actually, come to think of it, ppl like YOU, CEO.CA are the #disruption with your YouTube videos and #mbgtrends channel. I think most ppl on here probably weren't even aware of $SWA until your brought it up to their attention and defended your investment thesis with actual fundamentals. And that's something I think we all appreciate on here; I know I certainly do. Here's someone who has done a ton of research, is sharing an idea, and yes has an incentive to see the company/stock do well for monetary reasons, but is STILL on the same level playing field as everyone else putting his own money where his mouth is... risking his own capital buying/selling shares on the open market like your typical retail investor does... That is certainly a refreshing approach and one that I respect a whole lot. Kudos to u, you're a pioneer in the space.
@MiningBookGuy@Jayfire - thanks! lol, i don't want to use #mbgtrends 'too much' for my OWN promotions...but always appreciate kind words, and these ones are especially kind! :D
And yes, barely anyone even wanted to talk about $SWA NRs for roughly the first 6 months I was posting at CEO.CA (from Sept 2016 - March 2017). And before then, $SWA had some nice NRs that NO one mentioned at all (when I was just a CEO.CA #lurker and there wasn't a developed newsfeed), and not a single share would trade on those NRs! Boy, those were the days...
@wannabeinvestor@Jayfire, what source do you use to track holdings? The most accurate source that I find is this: http://www.etf.com/GDXJ, click on view all under top 10 holdings. They report Teranga's position as being 0.86% of their total allocation, so if total assets are US$ 4bn, they would indeed have ca 11m shares.
@FundamentalAnalysis@Jayfire Cheerz, I had 4.3CAD my magic number in mind....but I'm going to be buying $SSL all the way to zero, until the other juniors get smashed enough.....so i can buy them up over the next moth. This is a brutal pullback as a whole not just $SSL but most junior plays....we are either stuffed, or the comeback will be outstanding........
@BrianBitcoinBullThe haters on the Technology don't own any and will fail to tell you what Segwit is or what Proof of Stake is, etc. Its a joke ppl like @jayfire and @miningbookguy have something to say when they have no clue what they are talking about. FORGET THE PRICE COME AT ME WITH THE FACTS!!! I AM ON RECORD SAYING BUY ETHEREUM BETWEEN $6-$10. WHERE IS EVERYONE ELSE BACK THEN WHEN I WAS BASICALLY TALKING TO MYSELF????
@FundamentalAnalysis@BrianBitcoinBull I dont think @Jayfire or @miningbookguy are haters, its more that they think the space has risen to quickly especially Ethereum so pullback is likely. They made a general case albeit like many including myself don't really know the ins and outs of what alt currencies are really about. My argument would be you cannot have a system where you have many many alt currencies rising forever rapidly (unless you actually believe fiat currencies worldwide are dying as quickly ), some altcoins will possibly be just pure crap and will become close to worthless. I even know of someone via someone else who was starting up a new alt coin - I cannot see how that can be any form of value, thats like saying tokens for games online has value. An Altcoin can only have value if it has the potential to become an alternative currency for transactional use, backed by confidence and ideally limited supply otherwise it has no real value. I don't know anything about Ethereum, but heard supply can increase which is worrying maybe you can educate us on why ethereum is a worthy altcoin. I have noticed for a while Bitcoin is gaining traction and have seen many companies/people actually accept bitcoin as a currency. I see that as aspect as a game changer, and strengthens the case should it continue. #mbgtrends
@JayfireBeing skeptical of ANYTHING that is rising exponentially does not make one a hater @BrianBitcoinBull... That's way too simple and binary an accusation to make. It's no different when it comes to cryptos, internet stocks, gold/silver, lithium, etc... When an entire sector and EVERYTHING in it is going up seemingly everyday and all your friends, family, social media, Google trends, etc. are all up in arms clamoring about why you MUST GET IN NOW, it's an indicator to proceed with caution. I think all of us agree that blockchain/cryptos will ultimately succeed and have a key role to play in the future, but as we mentioned in the podcast, this is still VERY EARLY DAYS, just like the internet in the 90s... Not every single one of the alt. coins will make it and many will blow up and revert back to their intrinsic value of ZERO. Right now it looks like bitcoin and ethereum are good/safe bets, but nobody can say for certain what new technology and developments will be made next. Again, early days, so now is the time to do research and learn more... But chasing up hype as it reaches a fever pitch? That will hurt #newbies more times than not. And I don't care what asset it is that you're talking about. Eventually, when the hype subsides a bit, I'll probably take a swing and purchase some coins myself. Does that still make me a "hater"? LOL, I swear when it comes to investing/speculating if you're not a 100% bull on something, the diehards are just gonna wanna come after you like you're attacking their first born or something...
@HHorseman@jayfire Well put. In the tech bubble, every tech company got valued as if it would be the next Cisco/IBM/Ericsson etc. Feels like that with the cryptos ATM... All rise, but what are the chances that every crypto will end up being viable in the long run I wonder...
@MiningBookGuy@Jayfire@HHorseman - yes, thoughtful post from @jayfire, and I'll highlight his last sentence because I really liked it...goes way beyond crypto-currencies! :P
"LOL, I swear when it comes to investing/speculating if you're not a 100% bull on something, the diehards are just gonna wanna come after you like you're attacking their first born or something..." #mbgtrends