TSXV:PEM.P - Post by User
Comment by
wood6411on Mar 31, 2011 2:23pm
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Post# 18368488
RE: RELAX FOLKS - LOOK AT THE DRILL PLAN
RE: RELAX FOLKS - LOOK AT THE DRILL PLANSorry to hear that you bought in at such high levels back then. You should never get suckered into anything my friend. Buying a stock blind, or just because you heard it here on a message board will make you poor.
That is also what happens when people procrastinate, and wait until the news is out and results of drilling is in the public arena. There is almost always a runnup to expected news, and a selloff thereafter. Those are a few basic rules I've found out the hard way over the years.
I never chase a stock. Like I mentioned in a previous post a few days ago, I like to come to the buffet at the beginning before the main course is presented, not after everyone has eaten and only the scraps left to fight over. Some people want a guaranteed play. Well, this is the spec market, and you have to stick your neck out and take the chance. Do your DD, but don't be gun shy when you see a good prospect.
One last bit of advice. NEVER chase a stock. Don't watch it run up and then get in. You obviously were close to the last one to buy the stock back when you got in, judging from the price you paid. The good thing though, is that this is a solid company, and you will make your money back many times over, if you have the discipline to hang in there.
Good luck to you
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it was 70 cents a couple years ago and i got sucked into the distribution then. decided to hold on cause i liked the story but so far not a good investment for me. Future looks bright. I read that one of the posters here with clout said you have to buy on the dips and sell on the highs. So pump to find the suckers like i was 2 years ago is all i am saying.