Spyglass Resources Corp SGLRF

RE:RE:RE:RE:RE:1.62

[sanityseeker]

Okay. CDH.TO - This is a company with no debt, earnings in its last fiscal year and decent cashflow. Apart from these fundamental positives, the chart looks much different than SGL. CDH was once a 10.00 stock, and is one that was actually able to perform well in the presence of recent tailwinds, unlike SGL. I agree that buying things cheap is generally a good idea, but I wouldn't compare what happened to CDH to the future of SGL.  If you do choose to accumulate SGL at these levels, I strongly suggest understanding the fundamentals (unless you have already done so). Had you done so with CDH, and still bought at 1.00, I imagine such comfort that it was a good deal at 1.00 would have made you even more comfortable holding at 0.50. You were not stupid to sell at 0.50, if you didn't know enough about the reason why holding at 0.50 was a good idea. Retail investors should not treat the markets as a casino, and if they do, they shouldn't blame their losses on a conspiracy of others.  I don't think SGL will drop to 1.00, but don't convince yourself it is a good price here unless you are confident that it would be an even better deal if cheaper, and you would not sell, unless something to with the actual makes selling at a loss a good idea.