GREY:SOGAF - Post by User
Comment by
Psycho666on Nov 16, 2010 1:38am
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Post# 17710815
Still in?
Still in?Psycho 666 are you still in?
Or has anyone seen that First Capital arestill accumulating and when they have a large buy like 100k or so it isalways bought from Anonymous. Like today's 128k purchase. Anythoughts..........anyone?
I am definitely still in - approximately 60% of my original shares... Nothing I have read suggests SKO is a bad investment; I sold 1/3 of my shares to lock in profits and to ensure I lose no sleep over the company's continual "lack of news". And with the political / financial turmoil in Europe, it is better to be safe, than sorry...
As I posted recently, I suspect the present bottom is around $1.70 with an upside by the summer of 2011 of $3.00. And if / when it hits $3:00, I will sell another 1/3, then reevaluate my plan.
I found out long ago that when I get greedy "adding along the way" as the price rises, I get burnt... When I invest aggressively then get cautious as the price rises, those are my most successful investment results. Each to their own...
As far as First Capital buying goes, or Anonymous selling goes, I fail to see the significance. These are transactions, not individuals. Maybe someone in First Capital is pumping SKO to their clients (agents make money when clients buy and sell) and is getting a nibble every now and then...
Having said that, my gut feeling is that with the recent infusion of cash, it will take a few months to get drilling / makeovers completed & results; until then, the share price will float...
Since you asked my personal, unbiased / outsider thoughts... ;-)