RE:If we get news this monthFantastic sgctm. In all my lurking at this board I have never seen a post so detailed in accumulation strategies.This is a plan that can be applied with any company.Of course the key is determining which companies are fundamentally sound.
Much like Sunridge! Thanks again
realsgctruthman wrote: implementing the ideas set out below before the news hits the stand will truly have you feeling like a investor that knew what to do and when to do it.
I suspect we get one of the two missing articles that propels this forward before the year ends.
Actionable action.On the verge of a Nevsun buy-out
Bottom fishing is one of my favorite things to do.But picking stocks in great companies when no one else is buying and prices are way down near the bottom is difficult to say the least.
But note the word “near”—no one can time market tops and bottoms reliably, not even ilovetoshort,cashtango00,larrybrooks- the self proclaimed trader extraordinaire, or Warren Buffett. Everyone knows this ,so I will be making a solid case for why waiting for another bottom fishing opportunity for buying Sunridge Gold Corp would be a mistake.
There’s a segment of investors who see the big picture for commodities in general, believe in the fundamental case, and have the means to buy, but are holding off because they think gold/oil/ silver/ copper is headed lower. By waiting, they believe they’ll get a better price.
I think that’s a mistake.
If you are convinced commodities will be cheaper a week or a month from now, it might seem prudent to wait to buy. But obviously no one knows if they are headed lower or if they have already bottomed. So don’t kid yourself: you may or may not get a better price.
But these issues miss the bigger point. Here’s what I think is perhaps a better way to view the subject, along with a solid strategy to handle the dilemma…
SGC(NF) Is Not a Gamble—It’s Insurance .Fairly bold statement, almost sublime text.But let's examine this for a moment.
You might argue that you always try to get the best price when you buy auto insurance and life insurance. That’s true—but the difference is that you shop among different brokers for the best price; you don’t put off the decision because you read somewhere the insurance industry might lower its rates at some point in the future.
So, what to do?
Don’t “Buy” Sunridge Gold Corp—Accumulate It
Neither you nor I nor anyone else knows exactly when the very best price for this security will occur.
I cringe when I hear people say they’re waiting for a better price. What if the market takes off higher or simply stops falling—then what?
Don’t look to buy all at once. Buy in tranches. It’s how large investors, institutions, and wise retail investors buy.
If you haven’t already, start your accumulation plan today. In a short period, you’ll have a nice pf of Sunridge stock purchased via dollar cost averaging—i.e., at the best cost basis you could hope to achieve.
An easy way to start that process is with today or tomorrow’s market. Because prices have fallen so far, I have continued my dollar cost averaging, making it very easy to accumulate.
Whatever you do, start now. And keep accumulating.
We are right in the middle of 2014’s tax-loss season. We could hardly ask for more.
But you must understand a few rules
There’s no rush to allocate all your capital all at once. This bear market in commodities will last longer than most expect, and I don’t expect anything like a quick turnaround.
Stink bids could get filled, and that’s great news for us.
Buying in tranches ,picking right and sitting tight,will reward the patient investor.
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