RE:RE:Mr.Sprott selling is a good sign to bail.....Money3478,<br /> <br /> I acknowledge your devotion to Sii and I value your opinion from your display of your financial acumen .<br /> Yes, I felt like you do at one time. I also feel that real assets will reveal their true value.<br /> Again I was believing that Sprott was working for us the shareholders until I stopped believing it.<br /> Read up on Peter Hodgson and Jason Donville .
The culture at Sprott may not match the beliefs I hold as per how shareholders should be treated.
I have looked at Sii as a trading stock for some time , as has been mentioned by others here, so now as the RSI approaches into the overbought zone with this equity I felt it time to unload. It is not a buy and hold stock. It is a buy low sell high equity- Mr.Sprott illustrates this .
I may be wrong and I hope you are right but my frustration got the best of me especially as the RSI
reached out to me and whispered "sell" into this strength as I should have sold into strength in the past.
It is a second and third party holder of natural resource entities. Money3478 with your financial acumen I am sure you can accumulate your own basket of equities or ETFs that can take advantage of the coming boom in resource stocks and forgo the fees , high management salaries, bonuses and whatever other entitlements management bestows unto themselves.(Inuit sculpures?)
Note-the cash position will be greatly reduced as per the new aquisition. What is the catalyst now?
Does anyone but Sprott followers really care?
There are very few comments on this equity going back over the past year on this site. No one really cares!!!
If this was such a great vehicle for future wealth accumulation why has Mr.Sprott been selling gradually .
Many CEO's receive low or no salary with high ownership of their own shares and they are in the resource sector.
Hoping everyone the best on this journey of investing.
Tedz