RE: BUK holders' balls "Due diligence and research" are common sence in my opinion and it has helped me avoid mistakes and profit...and quite frankly its how you educate yourself and in turn become a better investor..GOD like companies go bust for a reason,sometimes the reason becomes more obvious after the fact but the reason always exists and the more you can educate yourself about the company finances/income potential/sector fundamentals and macro economics that effect it then the better decision you can make about whether to invest and how much you allocate to it.
You should never buy or sell without looking at the publicly disclosed financials/assays/lab analysis etc. I used to be a believer in chart reading/tech analysis but in this current environment my thinking is macro events and central bank policies,fiscal policies etc are seriously affecting the equity markets and all the more reason to pay attention.
So lets use the example of two investors
1) has $5000 to invest
2)has 100,000 to invest but is only investing $5000
Both are risking the same amount of money...but who is taking more risk?
If they both invest all $5000 in the same stock then one is risking 100% and the other only 5%
If Im "investor 1" this is not where Im putting my money but if Im "investor 2" I would seriously consider investing in this.
6 months ago $5000 would have bought 166oz of silver..sell it today and net profit $2166 that profit buys you 36000 shares of BUK today and your 5000 is sitting nicely tucked under the mattress.
Lets hope for some news soon !
C97