Food for thoughtActually spinner your TMG doesn’t look to bad at this share price. After all closing at .23 today with a year high of .63 and low of .12, almost reminds me of GFG, trading at or near the 2 year low, looks like a good entry point to me. Although 92 million shares outstanding is a bit more than what GFG has, also I am not quite sure if this is the bottom, but looks like it. Maybe I will put a bid today 10k at .21 and see what happens, just for fun to see where spinners top pick goes! Looking at the chart of TMG it reminds me a little of GFG, now trading at .18 down from the year high of .77 which was on news of the Recognition Order with BCSC, and only lasted a brief time. The base average high share price is really more in the high .30's to low .40's. Remember buy the rumor and sell the news!
Day traders and past participants of financings from Blackmount (First Associates) who were in the money and sold 100’s of thousands of shares stopped any momentum GFG had, and also helped to drive the share price down! In fact where GFG is trading now at the high teens is a good entry point for any new shareholders. Recently the bids have been building up and share price moving in a positive direction. Many shareholders are still in the money and looking for much higher numbers before exiting any position. Really we are in a very good position right now for picking up stocks at bargain prices, considering the way the US dollar is performing, also the sub-prime mortgage meltdown is helping to drive stocks down to prices that look very attractive. Remember also, buy low sell high, this is the way to make money in the markets!
There have been many stocks including TMG that have dropped from the year highs to the year lows, many doing much, much worse than that! Quite a few have gone from many dollars figures to the low pennies. Actually the charts for GFG and TMG the past year look very similar. I have only done a bit of research on TMG, looked at it this year a few times, but if spinner thinks it’s a good buy then maybe it’s time I get in! I have followed his movements on GFG and he was pretty much bang on. I think he did help to drop the share price with a lot of his negative criticism, but he did see a drop coming. Coincidentally, I also saw this drop coming, although maybe not to .16 but this happens, stocks lose momentum, people need money and there is liquidity in the market! I have sold a small percentage of GFG all the way down. But also do see now looking like a good buy. Yes I do have my bids in for GFG and have been buying at these bargain prices.
I don’t post much and first time on TMG as I am busy trading daily. I will pass on a few other stocks that have been doing well or are poised for a run soon, all of which I own shares of, most are on the venture exchange where higher returns are possible!
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