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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by CoalRookieon Jan 09, 2013 2:14pm
205 Views
Post# 20816236

RE: Not making money!

RE: Not making money!

Kingyahoo, for a trader your logic is perfectly sound. CMK is such a gamble right now that it is not worth holding when you could pull out, even at a loss, and make it back in another stock.

Not everyone here is a trader though. Some make investments and do not have the time, skill or resources to monitor it daily. Then one day it loses 66% and they wait. Then it loses again, and again and here we are.

Then you have people who have already invested the maximum they were willing to lose, so taking a loss is dire to them and they are reluctant to choose another stock.

Why sit? Sometimes its greed. Sometimes its hopefulness and sometimes its just inexperience. All are dangerous. They can see it as an all or nothing gamble, and with CMK right now, it is. Is that smart? I ask you, is gambling ever smart? Win or lose the other side will say "I told you so" but no one has a crystal ball so until then, for some it's just a gamble, plain and simple.

Personally I think CMK is done, but at 0.055 if they do pull it of by some miracle those with shares will be laughing. Some people like that kind of optimism. Hell, I'm taking a chance on it too because at a 90%+ loss you only have 10% left to lose! It's not a haircut at this point, it's a gamble.

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