RE: CUU Builds a Mine Theorywebgogs, you are the undisputed king of theories. Most of them make me down-right giddy, rubbing my hands in pure unadulterated greed while imagining how well I can continue to do on this stock.
And then I leave the comforts of your posts -- and other equally optimistic comments on this bullboard -- and head over to newsweek.com and their top story gives me pause. On the one hand, your CUU builds a mine hypothesis means greater riches but a much longer timeline. Here's the potential hitch: the world economy collapses again during that process.
I know, I know, there are always the Chicken Little types out there crying that the sky is falling, but this read makes me think about planting a stop loss at around $1.25 so that if the worst comes to pass, I'm at least going to be lying in wait for the next big opportunity to pile into CUU again at maybe 5 cents or 10 cents with more money than I had before I began this lucrative ordeal at 39 cents.
I mean, I haven't been in the investing game long, but I look at the five and ten-year charts and see all sorts of quality stocks that have climbed for the better part of a year and then came crashing down for whatever reason -- the recession being primary among those reasons.
If you turn back the clock to early 2008 there were all kinds of investors still riding the tide of good fortune that had gone on for years, and they were fully confident that the good times were going to continue to roll and roll and roll. We could all be facing the same fate. We might hate to think it, but we should be prepared for every eventuality or we could get burned.
Anyway, maybe that's over-the-top pessimistic, but who knows really. Here's the Newsweek article: