RE:Caesars Update
The advice to sell shares to make one's basis cost $0 may look brilliant if the market drops or continues to be volatile--things that markets do regardless of fundamentals. Newsletter writers are skilled at writing things that they can boaast about in hindsight. The comments on insider selling are not helpful. The insiders who hold a massive amounts of shares are NOT sellling. The large increase in trading volume suggests to me that one or more new large shareholders are acquiring shares. Oroco's management has yet to be caught bluffing and any 3D IP progress update my be positive enough to support recent prices. Owning shares is a bet on confirmation and exploration drilling success. Increasing copper prices are sauce for the goose and it validates that the best time to raise capital was when they did so. In addition to the ongoing earn-in on Santo Tomas, Oroco has acquired mineral rights on lands adjoining the historical deposit. Caesar did not report that he had sold any of his shares.
A potential red flag would be when the company cannot produce encouraging drill results after analyzing the historical drilling info and the expensive 3D IP results. Do not make decisions based on what you read on this (appropriately named) bullboard.
Cheers.