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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.
@JayfireAnd if we want to break it down further, in this case, "we all lost money on Northern Shield" can be confined to @MiningBookGuy and myself, as @TheNextBigRush still holds shares, is sitting on unrealized paper losses and hasn't actually "lost" any money yet... Fabi, you're holding out for $15 and for the next big rush of investors to flood into $NRN before selling, right? :) $NRN#mbgtrends
@VaughanYour position mustnt have been too substantial to not notice a ten bagger @Thenextbigrush. Congrats my friend, i love hearing about community members getting such returns. I must admit, the 10x remains elusive to me (not that i havent picked the right Cos, ive just never held on long enough!)
@AlanThe same thing happened with me @TheNextBigRush. I think I heard about the arbitrage opportunity via Jayant Bhandari. I already owned $FF but when I heard about getting free shares in Irving, I bought. I didn't realise it was a 10x as it was only a few hundred dollars in my account.
@MiningBookGuy@FundamentalAnalysis - lol yes, it's usually not a good idea to be 'too greedy' like i'm becoming :P
but on that point, when i'm looking for 10 or 20 baggers, i'm more than happy to take a 'free' ride after a 3-bagger or so...and if we're sticking with some hard math, i'll do a quick calculation for the 3-bagger --> 10-bagger type thing that I can see myself doing (sticking in some numbers):
1000 shares at $1.00/share = $1000 investment
reaches $3.00/share --> 3-bagger, 200% return (btw, this is great because it's a point I was making with @theNextBigRush that i'll come back to after posting this!)
I sell 1/3 of my shares (we'll keep it at exactly 333.33 shares, even though that would never actually happen!) for exactly $1000.
Now I've got my full investment back, and still $2000 and ~667 shares on the line!
from here, the stock goes from $3.00/share --> $10.00/share
The total value of my shares is now:
~667 shares * $10.00/share = $6666
And this does NOT include my original $1000 invesment!
So we're at $6666 + $1000 = $7666
While this is NOT a 10-bagger for me (since I took money of the table), it's stil a very nice ~7.67 bagger overall (~667% return)
THIS is the type of thing I'm always going for...you can get a 3-bagger along the way, always going for 'something bigger' :)
And please do check my simple math, which I could have easily messed up! I'll follow this up with another post...
@MiningBookGuyFollow-up post for @TheNextBigRush / multi-bagger discussion:
2. Honestly, when I was just thinking of mentioning that 10-baggers = 900% return on Fabi's youtube page, I did 'doubt' myself, because many people still think 10-bagger = 1000%.
This is a 'broader' comment...but this type of 'doubt' hits me ALL THE TIME, and probably you guys too. There are many things in investing/speculating that are believed to be 'common knowledge', that are just plain wrong, or more subjective than they seem on the surface. I just thought I'd bring this up as a discussion point, because it's really, really important to take a #contrarian mindset, whether you are making decisions on buying/selling stocks, or just researching things at ceo.ca and 'buying into' the ideas of other people on this site (like me!).
It's a constant struggle to stay 'independent minded'...but I think it's key to long-term success here. This thought goes way beyond discussing #multibaggers ...but it was an important one that crossed my mind, and I thought it was worth sharing, especially for #mbgtrends followers and #newbies
@TheNextBigRushHey @MiningBookGuy Thanks so much for that comment, I might do a video about it today. In fact, the only thing that sounds strange to me about a 10 bagger being a 900% return, is the "linguistical" fact that, 1 baggers cannot exist. A 2 bagger is 100%, but that means that 1 bagger is 0%, and therefore isn't a return at all.... Isn't it weird to get a 10 bagger, when you can't get a 1 bagger? LOL...
@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 :-)