RE: wildmanI am not joking even in the slightest.
Was Novagold a good investment at 50 cents.
Was Teck Cominco at good investment at 5 dollars.
That is the point of the stock market radar. You find stocks that have been crushed and are at their lowest ebb in the ebb and flow of the market and you learn if a turn around story is in the offing.
I believe this is a Joe Dwek induced coma because it was near .10 when he agreed to finance there, then he renegged and wanted to put CDO on its back, so started selling tons of shares into the bid, thinking that they would agree to his terms at .05 with the irony being he was the reason it got there.
That they didn't go with Joe is the greatest news I could imagine, because he would have never let it run. Never. He would have traded it and it would be rangebound for years and years.
So I am not joking one bit. They will recover from this Joe punch in the face.
You don't retire on Shoppers Drug Mart stock. You retire on turn around stories like this, and when Joe is gone, I will put a lot more into this and I will promote it too to others.
By the way, I invested in NG at .50 when they got their financing, and Teck too at 8 dollars.
The resources at CDO are the same as they were when you were ready to pay .10. This is a turnaround story waiting to happen. You'll see.
So yeah, I don't want to burn people, if Joe is still around I won't rec this stock. If he is, then we all are in and moving it up. No shame in that. Can't figure out where my shame is even supposed to come from.
One more by the way, when someone in their posts tells me that a half penny matters between .035 and .04, what do you think that says about their investment style and commitment to a company/stock?
It is not me who is worried about the difference between .035 and .04. That is what you said. When Joe is gone and new money is here and everyone starts looking at the resources again, no one is gonna care about .035 and .04 and the percentage difference between the two when we are back in double digits. Except maybe you radar who will have taken his 13 percent and run.
Because you see, this was kept under .10 by Joe all along. It never had a chance to run. Just like MTB and DEC and EFG right now. Look at the charts of those companies, if you don't know what Joe can do.
When all the bad news is baked into a stock and the price reflects it, then you look for an ability for the company to turn it around and then when it does, you make money. The bad news is all in, so now you buy.
You chase something like Vantax at .60, then that's your business. That's not how I roll.
And thanks for your smart as* attitude too. It clarified my convictions.