Post by
likeslt on Nov 07, 2010 9:44pm
The beauty of exploration company
listed on TSX.V, is that they don't go bankrupt usually, it will go up from 16cents to $16 like what happened at GXS.V two years ago, it also can go from $2.6 to 8cents (before consolidation) like ASX.V. The beauty is that these kind of exploration companies they never broke as they can raise cash by options or PP although they never make 0 product or profits since their inceptions.
These companies are news driven and popularity driven...
It is not hard to find the stocks fit into the speculation crateria, but it is hard to hold the shares all the way up to the peak. For instance, few traders (if there is any) could hold the GXS shares he bought under 30cents and sold above $3 two years ago..., although GXS is now around $1 only, but who cares, as long as you have riden the wave and made a killing.
Comment by
obama1974 on Nov 07, 2010 10:50pm
We agree to disagree here Likesit. CQ is looking good and it seems like they have built themselves into a nice little company. I hope that they will reward us shareholders with a good prize at the end, mate.