RE:RE:RE:RE:RE:New Press Release - K92 Mining Announces Q3.....wow!!!Well, I have mostly always felt the same as you about day traders. Partly, or maybe mostly, because anytime I try it I am so bad at it. My problem is that when I buy a companies stock, I fall in love. I am not bad at picking a bottom, but I am way to optimistic, on 'my' company, to think a top is a top. And it seems when I do think I have picked a top, the next day it goes up 5%, and I end up buying back in at the higher price, because I do deep down love the company.
My wife is more disiplined. She picks what she thinks is a bottom, waits until she gets her target, and sells. Then waits to buy another dip, and there are always dips. At the moment she is still quite underwater on her last little trade, because when K92 was on the upswing at the end of August, I convinced her it was headed for $8. Whoops.
She didn't have any money dry, when the price dropped below $5 on Oct 12.
Whoops again. Now I am wishing I had taken out some short term loans (credit card, bust the piggy bank, etc.) at that time. 25% in 4 trading days it looks like. And now it seems like a no brainer.
Anyway my target price is $20. Might take: two or three years, success with the expansions, and $3,000 gold. Who knows! I am old so the first isn't guaranteed, the company has my confidence on the second, and the third - $3,000 gold? Well I might be an optimist on K92 but on the world I am a total pessimist. And the world falling apart is ussually good for gold.