John & LifeHi John, I do have a life.
My friend is an investment client and I am his advisor.
He owns 680,000 shares of CBP. You can do the math on how much that is worth when the shares were up in the 60-70 cent range. Shares that his former broker should of sold when the stock ran up in the spring. This one stock comprised about 40% of his investments. A 30 cent drop cost him about $200,000 and a lot of stress as he is about 2 years from retirement. I advised him to weather the storm when the account got transfered to me and now the shares are starting to do something from its lows.
So there you go. So
#1 I don't want to see this stock go back down to .20 or worse as each 1 cent cost him $6800.
#2 By selling interests in their properties the risk profile of the stock is reduced dramatically.
This does come at the cost at the cost of some hyper growth of the stock as others are posted but in my clients sake if we can sell the majority of his shares at the .60 level and hold on to a piece, that would be great for him. With the other posts this shouldn't be hard to reach.
John, knowing what the insiders are doing is a clue to the future. Not always right as there are reasons to sell shares off to reduce risk, diversify their holdings, buy a new boat,etc but if there is mass selling amoung several insiders after a sharp rise, I would follow the leader in that case.
For Insiding trading reports - free report available on https://www.canadianinsider.com/coReport/index.php
Shows only the last 10 trades but then you can see when key people are buying or selling their shares and get clues on under/over valuation.
As for insider tipping - you can watch for increases in volume that are typically 150% above normal 30 day averge volume with NO reports like in the Strateco case.
So judge as you may and say that others aren't as smart as you are but sometimes good common sense beats out a degree.
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For people that care - past successes that I have owned and continue to own with my rough ACB and current MV are. If you don't care for non-mining stocks then don't read or comment any further as beside Augen they are non mining small caps. Don't care if you buy the below or not as longer term fundamentals will determine the ending value. Do your due diligence and if you like what you see, make your decision. Low volume for the below so have to take the patient route.
AUG BV.12 MV .45,
LBK BV .12 MV .29
MPE BV .295 MV 1.40
TNC BV .45 MV 1.34
(All are up 2 to 5X my ACB)