RE: Let's hear it for TCI!!!!!!!Thanks for the props sunmaple! Yeah my balls of steel are definitely on the line but I have had some good stock picking success in the past only to not have a large enough position or to pull out too early. I'm not letting that happen this time. People can call me what they want but like you said I've stated my course and I've stuck to it all the way through. Go hard or go home. The only way to make BIG money on thsi market is to have nerves of steel and to ride out a play as long as you can. Definitely not by selling on a DOWN day with NO NEWS! C'mon that is as rookie as it gets! Just for the board's info the following plays I got in early on and jumped out of early or never had a large enough position:
CWPC (now it's BQI) - I got into this play with too small of a position at $0.50. I sold way too early at $1.80. Only to watch it run to $8.00 and do a name change without me!
CVQ - I got into that play well before the bad news started hitting it. I got in at $0.30 and sold at $2.50 only to watch it run to $4.50 or so.
CLL - I was in at $1.50 about 4 years ago. It's had it's up and down's and has hit $6.00
UTS - I was in at $2.00 about 4 years ago as well. This one I held a bit longer and sold in the $7.50 range. Problem was that my holding wasn't big enough!
TAH - I got in at $0.70 and sold at around $2.00 about 4 years ago as well. I consider myself lucky to get in and out of that one before the big collapse. I sold out because my DD showed trouble on the horizon. I wasn't holding the bag on that one!
FV - I got in at $0.10 and sold at $0.60 cents probably about 3 or 4 years ago as well.
PLE - Got in at $0.18 cents. ran it up to $1.40 where I sold and the board turned on me and said I was a basher. I now see where the rest of the board is on that one!
Shall I go on???
My track record has been good and I am planning on keeping it that way. If I look back at my past I see that I bought quality plays that had great stories and I got them at their cheapest before their big upswing. I sold some too early, I sold some at the right time, and I sold some with not having enough shares to make me enough money!
Of course I've had a few stinkers along the way but I have usually sold at my cost or just a bit below. I've been investing for 6 years and have made capitol gains every single year.
I am by no means an "expert" trader but I have done very well. My plan and strategy is always DD, DD and more DD. Also, I like momentum stocks that have a generally large following and I like to get in them early or buy them on the dips.
Yes my head is below water on ENG and UNX right now but I haven't sold out yet so theoretically I am not at a loss. If this news comes in and it's good then I'm gonna do well. If the news is bad I will adjust my gameplan and probably stick it out longer as both ENG and UNX have quality properties and the MGM"T of each play are clearly connected to the right people who have cash and the ability to line up drills. If you do your DD you will see that every BIG country in the world is focussing on AFRICA for OIL. If I have to wait a year or two or more to see this through then I am prepared for that.
All my money I have in ENG & UNX is not debt money or borrowed money. It is money that I have put in for risk and I have real estate properties that have significant gains and income producing properties that way offset the amount of money I have in here (over 90g's). So yeah...go hard or go home.
I am being completely honest and tell it like it is. Dogcat and a few others like to post cryptic messages and they never say if they are in or out or selling or buying or how much they have on the line. And personally I don't care for thier inside information as I think that is not ethical and could possibly get some people in hot water. I am content to wait for the news, buy on the dips, sell a few on the gains, and hold my core for the big news. Win lose or draw I'm in and LONG!
Don't take my advice. Do your DD. And MAKE YOUR OWN DECISIONS. I like reading the boards but I never buy or sell based on someone's POST! I buy or sell based on the SP price! That's it...that's all. Good luck everyone! Even you too Doggy!
TCI