GREY:FNKLF - Post by User
Comment by
Triggermanon Aug 18, 2008 1:42pm
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Post# 15391750
RE: But Trigger.....
RE: But Trigger.....
Yes, I'm interested in FNI .... been followning the company and trading it
for over two years.
What differentiates myself from most people on this board is that
I TRADE. It seems like everyone else buys FNI and then wants to hold
it for 50% , 100% gains. That's not how to play junior miners, imo.
What irritates people with me is that I'll say I'm buying in big at .60 cents , for example....
the stock goes to . 75 cents and I'm out with my 20% , everyone else holds because
they hope the stock is going to double....it doesn't and then it's down to .40 cents in
rapid fashion.
I butt heads with most guys around here because they consider FNI an
INVESTMENT and try to utilize the 'ol buy and hold theory , while I just trade
for my 25% gains and get out. FNI is not an investment ....you WILL lose if
you look at it that way. Home Depot is an investment , Shoppers Drug Mart is an investment,
Google is an investment ..... FNI is a struggling junior mining penny stock that WILL certainly
dillute the float the the max to raise capital and/or split the stock....which leaves anyone
INVESTING in the company helpless to ever recover their investment.
When you talk to guys around here , they expect that when you say you're buying at
.40 cents , the stock will skyrocket and you'll be correct every time.
Well, I'm not correct every time , no one is. The key to any trade is realizing when you
were wrong and getting out EARLY. It's o.k. and normal to be wrong on a trade .... what is not
ok is to be wrong on a trade and hold it for 60% losses. When I'm wrong , I pull out .... when
everyone else around here is wrong , they hold and hold and hold ...and hope and hope and hope.
Think about how many poor INVESTORS bought FNI at over a buck fifty and are still holding!
They will never get a quarter of their money back. .... We all have to learn the hard way.
I am waiting for FNI management to explain how they will finance the future , to answer your
question .... still haven't been able to get a strait answer....not good.