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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.
@MiningBookGuy@TheNextBigRush RE: https://ceo.ca/mbgtrends?8a66391ed75e - ok, finally getting to your comment! that's a great point! you know, i need to find my PeterLynch book at some point (not at home right now) and see what he says about 1 baggers, if he ever even used the term, lol.
Oh, i just found this! http://www.investopedia.com/terms/t/tenbagger.asp
Not sure if it was ever posted...but i guess Lynch was always anchoring the term around #TenBaggers ...and in baseball, i'm not even sure if anyone ever uses 1-bagger for a 'single' (*note - it's really silly all of this terminology comes from baseball, which isn't even a very global sport!). But you actually made a great point here...oh even better, I just saw you made a new video! wow, lots of discoveries today, haha. i'm definitely posting that after watching it in a few minutes unless someone else does first! :P #mbgtrends
@Excelsior@Onlyflaws - Yes, I stand corrected on the Corcoran property for $RCG. I was cutting and pasting a quick blurb on their projects, and forgot they sold that silver project last month to fund the capital needed for producing at Dufferin, but they also have done work moving forward at West Dufferin, Tangier, and Forest Hill. I'm curious if they are going to get these prior producing assets up and running, get some revenues and cash flows coming in and then grow through more acquisitions?
@FundamentalAnalysis - good thoughts over several posts, and I'm glad it wasn't just me that was swayed by @MiningBookGuy's #JediAnalysis and conviction of $SWA. I watched a video with @TheNextBigRush last night, and Fabi said Sarama is one she is considering as well.
@MiningBookGuy should get them to become a sponsor of their YouTube videos (have them throw in a few cameras, sound boards, etc.... and Sponsor the #MBGTRENDS Annual Convention :-)
@MiningBookGuy@Jayfire - i saw your comment on $BGS.AX the other day and remember our talks on 'People vs Projects' with @TheNextBigRush. Unfortunately, $BGS.AX might be turning into 'exhibit A' for People OVER projects, as you alluded to.
BUT, I'm starting to follow $ANF, and it has to be the exact opposite! Seems like A++, whether looking at management or the investor registry, and I just can't believe how much it's tanking! I don't know too much on that one. But I am 100% sure that people who bought at higher levels were buying because they were thinking A++ People...
So basically, there are tough examples on both sides right now. Speculating is HARD! #mbgtrends
@Jayfire@KevinS Yup, fortunes are made buying at/near the bottoms... Unfortunately, nobody knows when the turn will occur... As Fabi @TheNextBigRush mentioned in her last video, in the BIG PICTURE timing is much more important and Trumps just about everything else... A rising tide will lift all boats. When you get to nitpick and buy the "best of the best" companies at firesale prices, that's how you know you are closer to a bottom than a top... Right now sentiment and interest in the sector is in the crapper so there's literally zero competition out there... Last August was a good proxy of what a bull market can feel like... Right now we are lightyears away from that mild euphoria. I seriously cannot imagine what this tiny sector will look/feel like if/when legitimate interest and money really move in. All the best!
@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
@MiningBookGuy@TheNextBigRush - yeah, it was intense following the news the last few days...when i first started posting at ceo.ca, there was the attempted coup in burkina and then the presidential elections. thankfully things worked out...but you never know! whatever happens, at least we know that commercial mining is vital to most of the economies of #WestAfrica