TSXV:PEM.P - Post by User
Post by
prospector7on Jan 31, 2010 11:15am
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Post# 16737045
RE T A
RE T Ain my mind PEM has been doing very well lately slow uptrends on NRs dropping back and filling the gap leveled out @.44 then an NR on new directors to .49 looking like it will stable @.465 area is my guess untill next NR. What I like there has been no sell off
when news comes out, which seems to be the trend these days buy on rumor and sell on news. PEM is a different play because it has a good team and only gets better because of the great drill program on a 28km strike zone. Longs will do well like my wife man I couldn't get her to take a profit @.62 she could have sold and bought back @.45 how many times have we seen this trend over the years. Happens 95% of the time that a stock spikes and drops back to fill the gap. It is the way it works. That is what house 7 is doing and has been doing for months with PEM working both sides of the board and making $$$$$$$ all the way.
There is two types of investor here at PEM like most stocks the investor and the trader. Which one are you? It seems investors think traders are no good, well the broker that you deal with is a little of each they have a balance between investing and they are always looking at trading to take a profit by using the charts to profit and buy back in at the low.
One thing I have always heard from my old ones is to do everything with balance in mind. Who is right or wrong it is hard to tell but in todays world especially after the fall of 08, it seems to make sense to take profit when you can, is a good business plan.
In my wifes case for example if she would have sold for a profit @.62 and bought back @.45 she would have done very well right?
Anyway to each his own, many different ways of making $$$$$$$ GLA