RE:RE:Expect NILI stock to SOAR from Tuesday June 25 and onwardsThere was a time when I used to follow closely the comments on stockhouse and Ceo.ca thinking it would bring some value, all it did for many years was bring me grief.
I still read the posts but with a very open mind and take comments made very lightly and will ignore perhaps 99% of the posts as they are just nonsense posts, to say any other word.
Alot of these posters are daytraders with a casino type mentality hoping to make a few thousands here and there. I am an accountant by trade so I have direct access to daytrading accounts and I can tell you that most or about 98% of them lose money, the 2% who do make money might hit $50K in year at best (which is a minimum salary job in one year). It is a losing strategy.
I have friends whom have become MILLIONAIRES on one (1) trade only. They did their dd in finding a stock that would appreciate over time. And then they starting buying for years, a little each month, adding to their pile, not worried about the day to day nonsense and focused on the end prize. This strategy worked in rendering ordinary working people into millionaires.
What further proof does one need than Buffett? He was poor. His strategy was to find one stock and then load up and make it pay for many years. He still has this approach. Despite being a billionaire, he invests in only maybe 5 stocks per year in the BILLIONS of $$$.
Closer to home we have Graham Harris at NILI who does the same thing but differently. He looked at 70 projects. When he got to NILI he tried to find faults. He could not find any. As a matter of fact the more he dug the more positive things he was finding and the stronger was the thesis to own this project.
Now I don't have to go to Nevada to research the project myself as Graham did the work for us shareholders. If it is good for him, then it is good for me.
I have DOUBLED my position and am looking forward to DOUBLING it again. Like you said, it is hard to find a stock that has so much value trading at dirt prices because of two temporal events:
(a) Capital gains tax of 66.66% rate effective June 25th which has triggered capital gains selling for those in profits.
(b) Temporary low lithium prices due to China surpressing the market before new elections in an attempt to influence elections and stall USA mining in order to control the world lithium market themselves.
This week is the last week to load up, afterwards the tide turns.
Good Luck to You,