RE: RE: RE: Rock you sound like a newbie to me. Old saying...never say never...just when you think you are batting 100% based on previous trades you get burned. To say that CQX won't do well tomorrow or kick in later this week would be gambling. The company should be able to garner more investors and with it an enhanced share price. GTA just increased it's PP to 5 mil with an option to go to 6 mil. Considering where they were 2 weeks ago I'd say their going places and will be poised to go higher with their new drill program that the PP pay for and then some. CQX will need a PP but in my opinion it will go higher before the PP.
Just remember gold has been climbing in the last month but share prices are not reflecting this yet gold has jumped 100.00. Allowing for the increase and continued support for gold, gold stocks like CQX will start carrying a premium just based on the results they just produced. So for (potential) larger investors companies like CQX come at a significant discount and while still in the drilling stage and many years from actual production they do represent potential buy outs from the Chinese who have been scooping up resource companies as fast as they can come to the markets. This isn't 1980 and the Chinese are buying everything they can and they will continue to do so. They know what value is and their patient investors that know in time they will reap more money than short term traders.
Where we as investors that buy on the intital spike lose it is, we get scared that the stock will sink the next day. With this mentality we make it happen and pretty soon it is guaranteed...don't buy on the second it will head down. Meanwhile investors on another continent are looking at us and saying..."they will tire soon and the when the time is right step in". Its not that we are wrong its that your dealing with wiser investors, the same thing in Europe and the middle east. We only see today, in the same way older cultures take care of family and ensure family stays tight and works together we as a society are individual driven...its all about me...more or less. When you stand alone you tend to think that way when you stand with a family you think as a family and the older folks generally take the reins and help the younger ones see the future well past today, tomorrow, next week and next year. This kind of thinking is the same as Warren Buffets and that is why hes rich and not self fleeced by selling the next day. If he bought microsoft back in the day when it was a start up do you think he was looking at a week from then as the time to get out. NO he was looking way down the road and seeing the potential. Well look what happened Microsoft became a household name.
Just sit back keep your shares, let it drop tomorrow and when it starts heading up just hold. It doesn't have the far to go down but it has a lot farther to go up
old_dog