Investing in Stockshas always been small investor beware. The Pezims and Howe Street beer parlour tips are still here today in a different way.
It starts out with the team in the field, we use to know if we are onto a good showing and tell our family and friends. The first year is usually dirt bagging it grabbing soil samples, if they come back hot in an area, you would do chip samples, if we seen a good hot spot we would trench it. In comes the blasting crew to blast a trench. Then we would do a grid along the trench and take samples every foot or so depending on the mineralization that was occurring.
Sometimes I would read reports where we worked and the minerals listed were not even in the samples we took, not hard to throw a few nice samples in the bag to bring the numbers up. I never trust anything but core samples period.
Then you got the news letter writers who get involved, investment houses, brokers, drillers, promo people the list is huge with people being into a stock before we hear it on these boards.
The point is there is always someone in before us the retail person, it is buyer beware in this business. Think about it how many mines have you seen start up, Ive been around for a long time and can't think of that many, what that tells me it is mostly a speculative market we are in powered by the big boys.
They have a working formula that works very well for them, taking small market cap stocks and control them to make money. As an investor or trader you need to make some good decisions and keep your ear to the news etc.
What I did was get level 2 which helped me a lot in many ways to see what was going on, I can't believe I use to play this game without it.
Think about Teseco mines ? spelling, nothing is sure in this game. Do your DD always and follow whoever you want news letter writers, groups etc. I even phone news papers in areas to find out info, or go to the claim to see for myself, if I'm going to go long on a stock.
I have joined too many groups and get lots of alerts, telling me to buy to sell whatever. All news letter writer do it also they say buy sell hold whatever it is the name of the game we all play.
On level 2 I see it ever day I call it the squeeze play the big boys squeezing out retail. they do it on all stocks to get as much in their coffers as possible, when the time is right coupled with the right NR and time of year they run the stock to make millions, leaving frustrated buyers in their wake.
What I'm trying to say is it is all manipulated one way or another, it is the name of the game, we are all part of in some way, it is all about getting out at the right time before the big boys unload and look for another low cap junior to run. Remember to DD the PPs when the warrants come due, it can be a scary time I find personally, many small investors loose money when warrants come due.
Lets spend our time working with each other to figure all this out and make some $$. Myself from what Ive seen lately I like MNM as a long play. As an old guy I learned to say thank you to the person who told me about MNM on these boards and that person was Coffin, he has become my letter writer etc. I watch my level 2 and get out accordingly, that is my decision alone, it is me who pulls the trigger no one else, I thank all the other posters who I get info from on these BBS good luck to you all. Please don't bash my english I'm uneducated thanks.