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Bullboard - Stock Discussion Forum New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises a approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > I bought into the hype May 2021
View:
Post by BUYSilverGold on Feb 15, 2024 1:06pm

I bought into the hype May 2021

as I bought 11,000sh at avg $7.88 after cashing out some real estate, sold 1/2 my position when it popped up 50% in a matter of weeks at $11.82thought I'd won the lottery (time wise) being up so quickly

still long 5500sh at $7.88 so currently almost down as much as I made, so many bottoms called since the top in 2021 as per the usual as gold rises and gold stocks decline

feel bad for those who bought my 5500 shares at $11.82 as its painful being down big %'s

wish I'd used that money to just add to my physical gold holdings in May 2021 at $1780 instead 

oh well thats life in the risky lane GLTA...got 5500sh to go at $7.88 if anyone wants them, ha!! but I'm sure all those who bought in at $12+ are long gone
Comment by Evenkeel123 on Feb 15, 2024 2:37pm
Thank you for your post.  Many longs here are in the same position, only many of them choose to hold their stock and what they call average down, buying more liol.  Of course, you know what the thinking is: it has to go up!  I am afraid that this stock and company have a long way to go to get anywhere near where they were even recently.   Good luck to you in your ...more  
Comment by Evenkeel123 on Feb 15, 2024 2:55pm
Bury me not, lol.  Morgan Stanley knows squat.
Comment by BUYSilverGold on Feb 15, 2024 3:12pm
if anyone had suggested gold would be $2000 3 years ago yet nfg would be sub $5 I would have said they were off in their thinking as it seems physical gold is a better hedge than miners as the GDX and GDXJ are down 30 and 40% since May 2021 while gold trades higher real estae went nuts thanks to covid heck I should have kept the land as its up way more than gold or silver and my position in nfg
Comment by BUYSilverGold on Feb 15, 2024 6:07pm
Billions leaving Gold ETF'S for Digital ETF'S from coindesk...since the Jan ETF approval https://tinyurl.com/3r762j85
Comment by bull_runz on Feb 16, 2024 7:24am
Crypto is the new 'Tulipmania' IMO Buyers will learn the hard way ;)
Comment by BUYSilverGold on Feb 16, 2024 10:37am
I can relate as I bought the NFG hype in 2021, perhaps you forgot nfg has fallen from $13+ declining 65% since, thats not a laughing tulip experience, were you posting messages to sell nfg at $13+ ? I guess you were as I'm new to stockhouse chats
Comment by BUYSilverGold on Feb 20, 2024 11:56am
for those that can't read or understand simple math...yup children at play here
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