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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.
@Finanzr@Vaughan Not at all - there probably is an endgame for Friedland and the SH at a much higher price. And if you look back the last 12 months, selling was always a bad idea as one could have only bought back in at higher prices (except maybe the bump in Dec 16). That is why I feel bad about selling it... But I have made good money and thought it is always good to sell after a significant leg up.
Also, if you look at my selling of $KAT today: I peeled some shares at .51, only to see it run up another .10 shortly after. Boy does that feel schtupid :)
@VaughanIm in sub a dollar as well @Finanzr, and congrats on the investment. I sold my cost at $3, half my holding at $5.00, and the other half will ride forever..... or to $10, whichever comes first ;)
@VaughanAre we expecting anything soon? Happy with the move but wished it came a day later. My plan was to sell some ivn @$5/sh to cycle into bbb, which $5 handle came today, but bbb moved already. Still happy with my original holdings though.
@VaughanLaurentian has a large presence in quebec, and less so outside of quebec. So, just making assumptions here, but considering mobi is based in quebec and most likely attrwcted more quebecois early investors, i think it rational to make such an assumption. Not necessarily a problem though. Someone has to sell for someone to buy.
@VaughanI dont see how we can assume that anon. If you are referring to otc listing, weeks could mean more than two weeks. As for rev, it mightnt move the stock until 2017 financials, or reporting of creditbanco rev in an nr.
@VaughanWhat does $idm's capital structure look like after this next private placement by $or? Also, wasn't $osk selling the catalyst for $idm share decline last year? Related groupss/mgmt?
Looking at the idm website, fully diluted will be just over 400 million outstanding on a fully diluted basis Whoa
@VaughanPople also need to be very cautious though @jayfire. It sounds great to be able to have a 100%+ gain in one name, and then flip your cost base to another and duplicate the winning, but as is often the case, the circumstances in the markets are different after you have a win. Take your gqc for example (im sure there are many others you could point to, but gqc stands out in my mind). Now that it has produced a 150%+ return from its low in december, which you and @miningbookguy bought if i remember correctly, theoretically it would be great to find one that hasnt moved yet. But take a look at gdx and gdxj, they have already rallied quite a bit from decmber lows, and somewtimes laggards in the gold sector are laggards for a reason.
I cant speak to rbc, but i can tell you that buying on the ax, or aim can be done through bmo investorline. The catch is you have to call a bmo investorline rep and get them to make the trade. Also, the trading fee goes from the standard ten bucks to thirty five.
@Jayfire@Vaughan oh for sure it isn't easy, and I hope I wasn't implying that it was... especially not right now... It's just incredible what can happen in a full flight bull market where everything gets elevated up (rising tide does really lift all boats!). Personally, I don't utilize such strategies b/c I'm usually too late to the party and I don't understand really how to evaluate early stage explorers at all... I prefer the "GoldQuest approach" which is buy high quality names with proven resources/reserves in the ground, are economical even at today's metal prices but are selling off only due to the underlying macro trend/direction... Yup, my GoldQuest shares are up quite a bit since NOV/DEC lows, but I'm not even thinking about selling out of those so that I can switch into a "laggard"... Trading is cool if you're good at it and know what you're doing... Regardless, I think even the most ardent traders still like to keep a core position intact and build around that in regards to risk vs. reward
@Vaughan@TheNextBigRush, i cannot speak to whether rbc, interactive brokers, or any other house will allow you to buy shares on a foreign exchange other than the US, but BMO does. I was specifically told so by the national director of sales for bmo investorline, though i am yet to do so myself. As for whether shares from australia, or any other foreign exchange can be held in a tfsa, the answer is yes as long as the shares were bought on a Designated Stock Exchange. The CRA keeps a list of Designated Stock Exchanges for tfsa and rrsp investment purposes online
@MiningBookGuy@jayfire - great stuff! i've only skimmed so far, but i second @Excelsior! @vaughan, thanks for responding to make it a conversation...i'll have some more to say soon, hopefully tomorrow.
@chatyak - yeah, there are still plenty of laggards around! btw, SWA was absolutely a laggard last year, and then seemed to take off. i can think of a few more right now...but i'll write more tomorrow because i have to run! #mbgtrends
@Vaughan@Jayfire, my personal favorite is not just the traditional laggards we all know nd love, but the unknowns a-la-@Miningbookguy that have just never been talked about before. Not unlike $swa pre @MiningBookGuy
@Edp007@Vaughan Got our answer from mr. Baxter this morning fellas:
We expect the completion of the transaction this month. The proceeds will be used to repay debt and various creditors and to acquire another mineral property in property in Peru. Best Regards,Bob Baxter
2 15 Feb 2017, 07:39
@Vaughan@Edp007, they owned a project in peru and took on a local mining billionaire as partner. Billionaire got the better of the deal, and we got stuck holding a bag. The transaction from last year is still not closed, but im hoping that they announce it is closed and potentially annôunce a new property or at least a tsrget/area/commodity. Really is kinda dead in the water though. Baxter is also on to prism resources now, but hoping he didnt leave us for dead. Time will tell @Edp007