RE:RE:RE:Bailed at .47A day trader can make some money by getting in and out of a stock, and if the person is lucky enough then by buying low and selling high (with perfect timing) could make a living, say $300/day, which is not bad, which would translate to some 100k/year by sitting all day in fron of the computer. But if luck is not on his side then the outcome could be quite different (losing shirt).
For others, if they are in for a long game, then if they see a good prospect, based on fundamental facts, then they can buy and hold for a period, but still watching the performance on a regular basis. It's different strokes for different folks. So, choose your own style and accept the consequence.
As far as WM is concerned, the company has the goods, based on the drill results, and based on the fact that Uncle Eric has bought in big time. For BAR, its would be the proximity game, and a take over is coming sooner or later. Also, Uncle Eric has bought in an initial 2.5%, and later jacked it up to about 9.5%. So far no announcement has been made for the latter (triple down?). Perhaps, some explanation will be given tomorrow in his weekly wrap-up.
So selling at 0.47 today hoping for it to drop to 0.37 to morrow to buy back in may not work. One may end up chasing the stock way above 0.50, then buy high and sell low. That would be disastrous if the timing is not right. Stocks go up and down like a yo yo during the day, and noone can really predict the minute-to-minute behaviour.
But the long projection for BAR would be UP for the SP.... based on the fundamentals, including the IP survey, drilling, intention of drilling, JV between WM and BAR, or investment from KL, etc...and what ES will say about BAR (hope that he will say something, or he would want to wait for KL to do something).
GH11
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thegreattimario wrote: Dude l have been in and out of wallbridge at least ten times so fool i am not. Every time has been a nice profit. Which if added up would give me a current stock price of $2 learn to trust your gut and don't be afraid of pulling the trigger. Your portfolio will thank you.