GREY:SMBZF - Post by User
Post by
gskohlion Oct 26, 2010 8:54am
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Post# 17611445
I dumped 200K @ 0.075 and took++ a loss
I dumped 200K @ 0.075 and took++ a lossI am not doing good these days in finding good stocks. In SMB, I took a loss on selling my equity at 0.075 My average was 0.085 That is okay because I bought UUU and have not sold my position until now.
My problem is that my luck is not favouring me these days or could be I am buying on market price like I did on SMB.
My previous pattern was buying always when the stock dips to low/bottom. I used to call myself BARGAIN HUNTER who was winning 7 oiut of 10. But these days, I am doing opposite, like I am winning 3 out of 10 trades and losing 7 trades.
The very good thing is that whenever I sell my position, any stock, that stock always moves up. I am pretty sure that whoever buys my shares, he/she always wins in the end and makes money on my shares that I sold to him/her.
Last Friday, I sold ELR, 20K shares at $1.53. After I sold my position, ELR went high and close at $1.61.
Yesterday, it went high of $1.71. Imagine, 0.18 cents more on 20K shares, I could have gain extra $3600 in my portfolio.
I have gut feeling that SMB will also rise in a very short term. PSA will take another month let us say by the end of November or before according to Richard Luc & Robert Dinning. I might be buying back SMB in mid November or bit before. Once PSA granted to SMB, I am dead sure that the share price will move up sustantially to 0.10 - 0.15 cents in a day, you never know.
GLTA to longs