RE: New Investor-Spanito! Where are you?
Here is the thread to Spanito's first post. I did not realize that you bought at 14.5 cents, the day the deep nash hole was released. I'm not a pro-trader but you make money when you by low sell high. You bought high and will sell low. Your like a Warren Buffet. Now wonder you feel them beeing squeezed. You should have stuck with GICs if you did not have the stomach.
You can read a couple of Spanito's first few Slam posts:
April 15th:
Hi everyone. I purchased many shares here at .145 cents.
I wish us all luck here at SXL. Great news, market seems to be sleeping.
But I'm sure Slam will work out great for me. Cheers to all of you.
June 29th:
Hey flubber,
I understand your frustration on Slam's current Selling Price. Why don't you just buy more at the current selling price and average down like I am currently doing? Do you think I was happy to had purchased at .145 cents when I got in? I was extremely happy at the time due to their resource estimates and drill results.
I thought .145 cents was the bottom. Now I am upset why I didn't wait for .08 cents. Then again if I had a magic ball that could had predicted what was going to happen I would be here now.
But that's the way the cookie crumbles. Now all I can do is average down by buying more. Why sit here complaining about the low price? What do you have to gain by constantly slamming down Slam's daily selling price? I don't know what you would gain by constantly be complaining about slam's daily selling price. We all know that juniors really don't do well during the months of summer. Thus the reason why so many sell in May and go away. So why not come back in October and complain about it then? I have faith that this puppy will at the very least go back to .20 cents. Then I can pull the pin and move along as well. You need to figure out your exit strategy so you can leave as well. Just my opinion.
Seriously,,,, if you want to manage this stock then you should take some management courses and apply for Mike and Brian's job. These two positions will have to be filled anyways when share holders pressure them to leave anyways. Their inability to please shareholders will get old, and flubber when they leave will you be happy then?
I already gave up on Slam management, but the resources are there and proven. Now it's just a patience game for me...... .10 cents to .12 cents (I can't do anything but average down) 13 to15.cents (I can exit even or with extreme small profit). .16 to 17 cents (can exit with small profit) ... .18 to 20 cents (can exit with med profit).
Buy more, and get your average down. Then pick your exit strategy. That is all I can say about it flubber.
I think most people in here would say they are tired of you hanging around. You need to come up with a game plan in order to facilitate your exit strategy.
Flubber I respect all you do here in order to warn investors about the current management's inability to create momentum for the selling price. But we are all tired, and we all just want to make a buck, and then move on. Can we at the very least do this without the daily bashing? Slam will bounce back, and us investors have the freedom to exit at will. I will average down, and pick my date of exit. When I do exit, you will here from me again. Cheers, and good luck to all of you with Slam. Average Down, Average Down, Average Down..... my two cents. (which I plan on making back)