Post by
ITSUP2ME on Jun 21, 2021 12:50pm
Been holding since pre 2003 BRP spin off @ $23.65 a share
Averaged down throughout the last 20 years or so and now waiting to break even at $2.04 a pop...just hope I'm not dead by then...lol
Long and strong...GLTA
Comment by
Shamhorish on Jun 21, 2021 1:38pm
Allmost same position as you for over 20 years when it was at $14.00, managed to average down ..my break even is over $3. (3.25) so still long way to go, but I hope we will reach there in 2023
Comment by
ITSUP2ME on Jun 21, 2021 3:20pm
Fair enough...I realize that and call me old fashion but I just feel there is way too much speculation built into the charts right now and when it comes to crude prices those taps can be tweaked in a heart beat...Hey collect a paycheque and work from home leave the car in the driveway... Cheers!!
Comment by
flamingogold on Jun 21, 2021 3:27pm
Just remember that sometimes losing money is not from actually losing money. We are in unprecedented times where cash is... well... trash. Be fearful less of losing money in a market crash and more about running out of cash.
Comment by
flamingogold on Jun 22, 2021 9:23am
For sure everyone's personal comfort level varies but history shows that sitting on the sidelines trying to time a market leads to missing out on the best days of the market which more than make up for the worst days. https://www.cnbc.com/2021/03/24/this-chart-shows-why-investors-should-never-try-to-time-the-stock-market.html
Comment by
ITSUP2ME on Jun 22, 2021 9:43am
For sure that theory has worked in the past from a financial advisors perpspective and markets were tamed however in todays markets (and just my 2 cents worth) I can take say a 15% profit from any spec play and and there's always another one waiting in line to gobble up. Cheers!! GLTA