The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@StarFireHey @Alan with one L... a few days ago you got 9 likes with your post about investing, very poignant and it sounds like it's working for you...I thought about it as it's nothing like my strategy which is: 1) invest early in a gold bull market and 2) invest money that you can't afford to lose into companies that can barely afford to win :-) But your post was insightful, truly
@F6@StarFire Yup. Subscription. Sometimes I worry if people can see the charts themselves. The chart itself is in a public list.
Stocks declined 80 - 90% after the '29 stocks crash. The irony with this rally is that central banks have been providing liquidity since 2008, whereas other historic rallies were based on an expansion of credit.
@Alan@StarFire Thanks for the kind comment. Haha yeah I thought the same as you there. I had zero cash-flowing investments when I started and just focused purely on speculations. Luckily I had a decent amount of physical gold and silver and was using services like #goldmoney for offshore storage - I still do to be fair. As I learnt more, and started managing my wife's money, I had to tread a little carefully and be less reckless - divorces are costly these days :) Funnily enough, my investments have done better and put money into the account every quarter, which is always nice. However, that little move yesterday can change things pretty quickly. After yesterday's good day in the mining space, it's funny how I reacted. I went from feeling crap a few days ago to feeling a little elated yesterday which got me thinking. Emotions play such a big part in this business and it's how you understand and deal with your own emotions that really counts. We can't change our emotions, we can only recognise them and understand them I think. By the ways guys, there have been some great posts recently. I read everything that is posted by people like @bullmarketmove@miningBookGuy@jayfire@fundamentalAnalysis@goldfinger@racker@thenextbigrush and many more. To be fair, most of my day is spent reading. I will try and post more often on here, but there is so much expertise and value already given on this site, that it would be a poor allocation of my time to do so unless I feel I can add something valuable. @bullmarketmove cheers for the kind comment also. Loved your most recent interview with Collin Kettell. I sometimes feel like one of those sucker fish that attach to large whales and sharks. I just try and align myself with those big fish and attach to them and go along for the ride. #mbgtrends
@StarFireInteresting press release...it sheds some light on things..I like it...they actually have quite a few properties that have work being done on them...$2 million can ten bag to $20 million...it could be a good deal
@StarFireIt's good to consider all the above points..but the main thing to keep in mind is that drilling is in June was it??? All I hear is "chugga chugga choo choo" ..I think we can oh I think we can...
@StarFireMy $HCG highlight of the night is from today's release: "Aggregate available liquidity and credit capacity of approximately $1.47 billion including the undrawn amount of $600 million under the Company's $2.0 billion credit facility."...I take it to mean that if the remaining $600 million amount is used, they would have $2.07 billion in cash...but then they would still owe the $2 billion back to HOOPP, plus say $400 million in interest they would owe..so yeah...
@StarFireHonestly @CautiousNow you don't know how happy I am to be crawling out of the dog house, I think the key to success in junior minor speculation is a wife who understands that Rome wasn't built in a day..and from time to time that even Rome has been known to crash and burn at times lol
@wolff@StarFire secret is to have a portfolio in ETFs or good low cost mutual fund and then play money to invest in juniors that your spouse won't freak out on you if you lose - or better yet a winning track record that she can't complain about. I always find its the things you don't pay enough attention too that mess you up -- Shale oil boom, Trump etc
@StarFire..like price discovery, liquidity, stability that kind of stuff..I think money can be made from any crypto- currency good luck in the speculators and what not..but to be used by the masses and government and day to day transactions etc how can it work if bitcoin can easily be $20,000 next year or $20
@StarFire@Ballistarius thanks for sending those links...I think the thing is that they're called 'cryptocurrencies' and I guess you can use them for trade like a currency..but really, they seem to be better speculative investments..like why would someone use a $Bitcoin now to buy an Ipad for example, when they can just pay with cash and hope that the Bitcoin can appreciate further
@StarFireAll this $Bitcoin talk, it's interesting.. how long until we see Trump-coin or Khardasian-coin and the like...if the price is right, can't anyone issue their own crypto? Amazon surely will get in the game somehow...
@Ballistarius@StarFire The price of BTC/ETH against any traditional Fiat wheather tomorrow, next month or year is anyone's guess but the potential for block chain technology and in perticular the #Ethereum
platform is what's interest me the most.
@enviro111@starfire. If $nrn hits the teens I hope I have at 400k shares. If they really find something why stop at 19 cents? Lets here it fiir a big strike!!! A buck per share! Hows that for cheerleading? I actually think it might correct back to 6 cents again? This like buying a lottery ticket in my mind.
@StarFireI just emailed #visualcapitalist asking if they can do an infographic on $HCG, how they got there, and why their inevitable bankruptcy portends the future of all major banks..wish me luck boys!
@StarFire$HCG as at March 31,2017 had roughly $18 Billion in mortgage 'assets', with $1.5 billion cash versus $16 billion customer deposits (liabilities)...so consider as at March 31 in 90 days about $2.7 billion GIC's come due, then $4.3 billion in the year...on top of that they only have $350 million left on a $2 billion LOC at 20%? And on their conference call the $1.5 billion in 'assets' they want to sell to MCAP will be sold at a discount...so people say 'bailout', but that just shows how complacent people have become about everything in this market..basically "if" the GIC's run in March, it's over, and everyone should care to some degree
@StarFireWhat $HCG highlights the mafia-like ponzi scheme the banks run..Home capital group has a subsidiary "Home Capital Trust" which places loans. They get these loans via an independent broker channel...basically people with poor credit/low income etc.., they can't get approved at a real bank, so they go to a broker who can falsify and/or do what he has to to do get the deal done.. in 2015 something happened and they 'cut ties' with 45 mortgage agents...I guess they didn't tell OSFI so they got pissed... to sum up, their assets are probably not that strong either, hence the 'discount' if they have to sell their asset...(very general i'm speaking)..but this story can snowball, and CIBC seems keen to help out...I"m telling you boys this is the story to watch!