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Magellan Minerals Ltd MAGNF

"Magellan Minerals Ltd is an exploration stage company. The Company along with its subsidiaries is engaged in the exploration and development of mineral properties, with a focus on gold properties in Brazil."


OTCPK:MAGNF - Post by User

Comment by StackinCheeseon Aug 09, 2012 7:16pm
95 Views
Post# 20200901

CEOs

CEOs

CEOSSS,

After reading through all the back and forths...I am myself really curious as to what your "DD" was, and how you came to the conclusion that "yes, 20 cents is a good buy" and then "oh no I better sell at 25 cents".  Yes I know these were not your actual words, but you get my point.

Your first piece of rational was that you made a quick 25%.  Unless you bought several hundred thousand dollars worth (which I am 99.9% certain you didn't, and couldn't for that matter), the % return doesn't really mean a lot for a stock that trades on such light volume and at a low price.  I mean, if I bought a few thousand shares of a stock at 3 cents and sold it for 5 cents, I wouldn't exactly be bragging I made a 67% return, unless I popped in a huge amount of cash, which would be stupid to do for such a low priced venture stock.

So please post your "DD" so that I can learn how to make such informed decisions in a matter of a day and a half.

Thank you good sir.

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