RE: RE: RE: RE: More questions than answersJust a few quick comments before I head off for the long weekend.
- I have always played the swings on AGG and have made a lot of money on AGG that way but have always maintained a core position. I will be selling off some paper again when we get around the buck mark as I did the previous two times given my average is around
.50 and I have a boatload of paper. I will keep that core position though for $2 plus as I do believe in the fundamentals.
- There is nothing wrong with the way BP has played it. He's made money on short time frame
.10 -
.20 swings. Good for him but it's not the way I play as I'm not much inclined to short term trading and that's because I'm not good at it. To each there own.
- As I've stated before, many times now, I think it's a total waste of valuable information to release news in markets that are so unsettled as per current times. That's my opinion only based on what I've witnessed in the last 3 weeks or so from others that have released news. I don't believe in wasting bullets.
- C5, be specific when you talk about "insider selling" so as to give the board a proper perspective. It was one "insider" which is actually a fund. The fund is Pinetree and it's principle Sheldon Intenwash who own a boatload of
.05,
.10 and
.15 paper, approx. 13 - 14MM shares. What they've sold probably represents less than 10% of their holdings. Big freakin deal! I've been selling
.05,
.10 -
.15 paper too. Doesn't mean I'm negative. It means I'm realizing some gains on a 10 - 20 bagger. Oh yeah.....by the way did you mention to the board that Pinetree and Intenwash were big time buyers in the open market at the
.50 -
.60 range recently (in the last year). I don't think your comments are made out of malice but if you're going to post comments about insider selling tell the whole freakin story.
For my fellow Canucks have a great long weekendl!!
GLTA
PS. Gold spiking again but not a whole lot happening with equities.....yet. Hopefully we'll get an afternoon rally.