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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.
@Alan@bullmarketmove- fantastic interview. Again, you ask some great questions which gets to the main principles of #rickrule investment strategy and his mindset in regards to dealing with wins and losses. How did you meet him? Are you from London yourself? A quote of note: 'not seeing very much in the market to buy, which is a classic sell signal'.
@MiningBookGuythanks @bullmarketmove@alan on #TheMoneyGame, and really hope you enjoy! It would be a fun book to discuss. You are the only 2 that have responded to me on this so far. For being a true 'best-seller' in the late-1960s (and a classic 'must-read' as well), it's incredible how forgotten this book is!
@bullmarketmoveLots of great posts @Jayfire@MiningBookGuy@Alan@FundamentalAnalysis and I've recently been taking a closer look at $HUM.L what caught my interest is that one of their investors is Crispin Odey, when he first started out one of his backers was George Soros. Of course, this doesn't guarantee success but there must be something of value there.
@FundamentalAnalysis@bullmarketmove Unfortunately I don't place much value to Odey's name on a gold stock. I've discovered that a lot of these funds, and I've caught Odey doing the same is that they don't always bother breaking down the technical reports before investing. The only participants I trust are debt providers and royalty companies/streamers. They have to break things down to first principles. Equity investors can just get away with buying at a low price and selling higher. Debt providers and royalty/streamers get paid back from actual cash flow so they have to do more thorough due diligence. #newbies
@bullmarketmoveThat's a great point @MiningBookGuy makes me work harder to eventually be accredited:) #warrants although there are some tradable warrants which will do very well over the next few years. There are always opportunities somewhere.
@MiningBookGuyLOL @Jayfire! i know you've seen my articles...and they aren't exactly suitable for "proper presentation" either :P
you should definitely start posting them up here! the #articles tools are very intuitive. i'm not especially tech-savvy, and i figured out most of it. you can definitely write to @tommy if you need some pointers. also consider writing to @bullmarketmove, who just started doing exactly the same thing from his own site.
@MiningBookGuy@bullmarketmove - thanks for sharing your new interview with Justin!
I will tag #trading, because I feel like this gets into an area I'm not especially good at, though completely aware of. Justin's techniques (or #system ) is something that that is very different from what works for me. I'd say one key aspect to point out is that I'm fully ready to sit on a 'big loss' that gets even bigger, and buy even more stock, IF I have the conviction that it will come around because the company is deeply undervalued. This can take years...not something most people who consider themselves 'traders' would ever wait for!
I guess it's just important to realize there are VERY different ways to make with stocks, and this goes far beyond just the 'junior sector' (as it's clear that this is only one part of Justin's focus). And regardless of how different it feels from what works for me, we can all still learn from each other's techniques, and continue to adapt our styles. #TheNextBullMarketMove
@bullmarketmoveThanks for that @MiningBookGuy yes, I also follow your strategy of buying more when there is a bigger correction, although this has caught me out on the past because if the stock isn't acting how it should or major insiders are selling them you should get out. But the stage analysis does have some value, I see it as just another tool to use for #trading, but you're right, everyone must trade/invest in their own way. #books#mbgtrends#TheNextBullMarketMove
@Alan@miningbookguy@bullmarketmove- I just had a read. Thanks. It was interesting but as Nick says, trading isn't really my thing, however, always good to hear other perspectives. Read a few of the books he recommended but been a while. We are so lucky with technology we have being able to access each other and information about companies vs people like #Nicolasdarvas back in his day!
@bullmarketmovethanks @Alan and i agree, its only because of technology that everyone can learn more about investing. Imagine being back in the 70's with no internet and you wanted to learn more about the bull market in gold and silver. Access to info is king :) especially with great videos and info from @MiningBookGuy
@FundamentalAnalysis@bullmarketmove@Alan - Agree re: difficulty, especially in this low growth rate environment. The world population has increased rapidly in % terms over the last 75years. The next 75years will see in % terms a lot less growth, because population growth rates are slowing down and we are starting from a larger base. By default the growth rates have to be less..... then we have debt issues, demographic issues, retirees etc which the previous generation didn't face to such a degree all this means if there is another warren buffett (barring any serious inflation).....it's unlikely they would exist having invested in the traditional developed western economies, it will be via investing in riskier jurisdictions. #newbies
@FundamentalAnalysis@bullmarketmove Good stuff.....I've not agreed with all her picks but she has and still does hold some high quality names which should do well. Overall she has her head screwed on more then other gold fund managers I've met who for the most part are just management fee collectors. I regularly check her monthly fact sheets, to see how she is progressing and to see if there are any names I could "steal" which I'm not aware of. If I were to make a critical comment, I get the feeling based on previous picks she probably relies more then I would like on PEA/PFS/FS ....and the question of how reliable those studies are is something I think she doesn't look into very much (expertise would obviously be one barrier). Likewise she has held companies going from PEA to construction...etc....or in one case it was no studies and straight to production via Tribute mining model which obviously hasn't worked out to date......
@NickGreat interview with Amanda Van Dyke @bullmarketmove! Great to see her also mentioning $BKY.AX$BKY.L - Berkeley Energia is EASILY my favourite uranium play globally. Expecting big things here over the coming months. #uranium
@Alan@bullmarketmove- another good one mate. Never heard of Amanda before. @miningbookguy- who knows, maybe #gold will drop that low. Even if it did, #jimrogers would be fine I'm sure :) if it did drop that low, it would certainly test people's staying power. Yeah I agree, price predictions are just that...opinions.