RE: RE: Warren Buffett loves TUNGSTEN! Shiningstar I am trying to figure out what your contribution to this board is. If you are here to warn against pumper then good for you, but if you are here to put down any one that as a positive perspective on this company then keep on going and looking like a frustrated investor.
I have been a long term investor in this (more than 2 years) and the stock as not move. Does this make me unhappy, of course. Does that mean the company is a fraud and people who invest in it are fools, I don't think so.
I am a professional trader, that is what I do for a living and I can tell you that juniors no matter how good the story have been clobbered in the past few months, just like in 2008. These kind of stocks are very risky by nature up or down big on any news, especially miss worded ones (a speciality of this company). Look at this morning clarification.
Add to this one or two big sellers that have to get out (prob. because the bought the debenture and do not want a double position) and you have a big sell off on your hands.
In short if people are in this for the long term I think they will do very well, in contrast if you are looking for short term investing expect extreme volatility until the DD is cleared. Unless this company is a fraud ie like a Bre-X I don't think we have to worry about the long term.
As usual one should always do their own diligence and not base investments on bulletin board opinion, good or bad.