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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Bullboard Posts
Comment by lucci2005on Jul 08, 2008 8:06pm
211 Views
Post# 15270835

RE: The only ones..............

RE: The only ones..............In regards to stoplosses, I too take the stand of many people on these boards and think they are useless.  So NAG is currently 0.34.  Say you put a stop loss at 0.30.  Say you own 100,000 shares.  That means you are saving yourself about $4,000.  Great, money saved.  But let me ask you, what happens if they release permits tomorrow.  Or the day after.  Or next Monday.  And you haven't bought back in?  Even if it is the Adamas permits to start, the stock will easily go from 0.26-0.30 to at least 0.45-0.50.  Now from your $4,000 gain by selling, you are instantly at a $11,000 loss (or even more).

To each their own.  But to me it makes no sense selling something at 0.30 or even 0.26 if you know that permits are imminent and will be upon us by the end of the month.  Permits (even only Adamas) will cause a surge in the stock price and send it north.  And before you argue that permits are already factored in the price, no they are not.  Permits alone (only for their 900,000 acres they received comfort letters for) are worth at least 0.30-0.40.

My advise, hold on just a little bit longer.  The problem with all investors is that they want the highest amount of gains in the shortest period possible.  Be patient, permits are coming.  At least that's what the comfort letters are for, right?  GLTA.
Bullboard Posts