OTCPK:CTNXF - Post by User
Comment by
nijinsky70on Dec 02, 2009 7:11pm
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RE: RE: RE: RE: RE: RE: RE: You want a 500% return
RE: RE: RE: RE: RE: RE: RE: You want a 500% returnYes the stock did triple in less than a month as you claimed. However that is if you only bought in at 5 or 6 cents not that long ago.
For a lot of us, we bought in three years ago when the stock was actually worth something. It hit 70 cents+ and looked like it was on its way to going over a dollar. A lot of us bought in at that time thinking we would be riding the crest.
Well, the stock market is a funny place and I guess a lot of us knew what happened. The point is, with any given stock you always have winners and losers, regardless whether they are blue chip or junior mining companies.
I have two friends and they both own TCK.B. One guy bought in earlier this year when Teck was about to go bankrupt. He did not buy in at rock bottom, but he was close - he bought in at $5.00 and he is 750% in the black. The other guy bought in in 2008 at around $40.00, he's still in the hole in spite of the hugh gain by Teck this year. Both guys still hold the same stock.
Stock investing is all about timing my friends.