GREY:HRIVF - Post by User
Comment by
espressostrettoon Nov 17, 2010 7:40am
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Post# 17716714
RE: RE: RE: FORTITUDE
RE: RE: RE: FORTITUDECorrection: Stewart Thomson, not Andrew Thomson...get this wrong lately when I'm looking him up even though I've been reading for a year or more.
My previous comment: ***should be "Stewart"
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A little off topic. Just wanted to say I think some could benefit or enjoy as I do reading Andrew*** Thomson's general comments over the past couple of years (at 321gold.com or safehaven.com).
Some of his comments that stick out in my mind from the past: when the banksters play their games and eventually push the price down and make you get that bad feeling in the pit of your stomach that makes you want to sell, that's when you have to buy. However as price goes on a rollercoaster or gets slowly pushed down, you don't go all-in on any lower price, you buy in a slow controlled motion. By his method (I don't subscribe to his website), he would've probably sold his trading position in the 1.30+ range, but not his core position.** He refers to the investing public that gets scared out of their positions and ends up losing money, as "Elmer Fudd Public Investor" lol.
** I don't daytrade, and have only sold some HRG for diversification when it was under $1. Yes, I would've loved to sell a lot at 1.30+ range seeing this price pushdown now but I can't predict price movement. I bought 50k shares in the past two days and have about 631,000 shares now. I would be lying if I didn't say I had doubts or started getting that jittery feeling in the pit of my stomach that made me want to be in cash, look for a hedge to HRG so that I didn't have to sell, or look for similar moving stocks.