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Oromin Explorations Ltd OLEPF



GREY:OLEPF - Post by User

Comment by tony1969on Oct 07, 2012 10:34am
264 Views
Post# 20458800

RE: RE: RE: RE: Thanks adit123, I try and come up.

RE: RE: RE: RE: Thanks adit123, I try and come up.

Hey G1, When this is all done with I will look for another trade and probably be just as passionate and obsessed about it.  I have been trading for 26 years now but I have never ever held on to a stock for as long as I have OLE. I love the market and have been fascinated by it for years.  I usually trade beaten down blue chips and I believe that this is the first time that I have owned a gold stock.  I have had some very good years in the past along with some bad ones as well.  I have always made it a point of cutting my losses so that I could stay in the "game" for all of these years.

With OLE, I have broken every trading rule that I went by by having too much of one stock, not having a stop loss and even averaging down several times which I would rarely do in the past. I did all of these because I see the potential and the value in OLE.  I was able to pick up 24k shares under 50 cents which brought my average down to $.98.  After doing a lot of research on the exploration and junior mining sector for about 3 years now I find it very interesting.  There is a lot of money to be made if you do your research.  But as PG says "failure is the norm" here so you must be careful.

You can take OLE out of the "failure is the norm" statement because they continue to derisk the project by having millions of ounces of certified gold. They also have a neighbor in TGZ that would love the property probably even at double todays price as well as other interested parties for the right price. Let see what happens with a deal here but I am still giving Chet here the benefit of the doubt as according to PG he was caught in the worst bear market in juniors probably in the past generation.  Things are beginning to stabilize and the worst looks to be behind us. Good luck pal and thanks for ponting out my obsessive compulsive behavior.

By the way I have a BA is psychology from FIU. Class of 92.  Go figure.

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