GREY:LSTMF - Post by User
Comment by
whitehorn1on Oct 29, 2015 12:27am
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Post# 24237594
RE:nibbled yet again 30 cents USD
RE:nibbled yet again 30 cents USDorlandofl, "hoping" your strategy will benefit going forward on adding shares in this downturn. You could have the benefit of buying at the absolute bottom and have the highest upside on return - 10 bagger plus is very possible. I was considering doing the same, "but" have not bought any resource stock since Oct 14. My biggest concern, oil prices remain low for a couple of years. I do think there will be plenty of time to enter the markets i.e. 1/2 year to still realize good gains. I still remember the "yucky" market in 98/99, bought 3 oil stocks - 2 went broke and the other was about a 20 bagger. It paid off, but it was about 6 years later. The first 3 years, was dead money. I like your strategy as mentioned as high risk to reward. Oil will turn to the upside, but there will be many casualties along the way if it lasts a couple more years.