Bob Moriaty Response On Tembo GoldTGR: Are there any other gold or silver stocks that are good cheap dates these days?
BM: I think they're all cheap. Here's an example of a stock that's been an utter disaster, but I'm making profit on it. Tembo Gold Corp. (TEM:TSX.V; TBGPF:OTCQX) is in Tanzania, right next to Bulyanhulu. I like the story. I like the area. I've been to the project. I bought at around $1.50/share and had sold the last of my shares at $0.20. Then the price got down to $0.015/share. This is crazy. The company and its deposit are still worth something.
Granted, Tembo has been a disaster for most people, but if you like a stock at $0.50/share you ought to love it at $0.015. Management will have to raise money and get its act together, but the stock has tripled and I'm up 50%.
Too many investors sit on their investments when a stock doubles or triples. Then, when it goes down 99%, they sell. They're always buying at the top. They refuse to take a profit when they can and they sell at the bottom. You have to have a plan. There's a time to sell stocks and there is a time to take profits. People just don't do that.