Please do not throw caution into the wind...Hello Everyone,
Thank you for all the comments and posts, a big help, a lot to consider.
Firstly, for transparency reasons, WRLG is my second biggest position in my portfolio.
So many of you who post stike me as having a lot of investing experience, if not having also worked professionally in the different fields.
I studied Finance many years ago and got my B.S.,and afterwards, my real life experience started, as I had a small "Repair business." I share this to say, show, that I am a "nobody, in the worlds eyes."
My question is, have you all noticed that "private investors" are either bitter/depressed, or "to the moon?"
Both these extreme positions are for me, warning signs, and I just want to interpret them propperly.
That is also why I am trying to cut through the fat, to find out how many investors hold postive or negative attitudes within the stocks I own. A concrete example, a poster on one of the WRLG videos was very negative, putting it mildly. Okay, to each his own, right?
How do you caution new investors, sharing with them, to "keep their feet on the ground?"
I understand, you can not compare "apples with oranges," but, as a further example of mine will illustrate, that many investors are seemingly, "out of their minds," at least in Germany.
I own another Gold company that is looking good, low costs, and producing, with a bright future, but, as we here at WRLG know, Mining is not without risks! In this stock I am mentioning, without name, some are getting absolutely overjoyed, so much so, that they are even using terms like, "world class" suggesting, that the stock price is so much undervalued, that they expect, can see a share price of "double digit $$$" next year.lol. Note, I am well positioned, and although I would welcome a move like that, it would be wonderful (for me, Lord willing), but, Sirs, it is not even close to reality, as the stock is trading at (try not to laugh too hard) 0.40 cents, presently.
So, how does this apply to WRLG, some might ask, fair enough is my reply, simple...
So many got hurt with Pure Gold, and this has a direct impact on WRLG, see some of my other posts. Now, I do not know, if it is good to have tenured employees who worked with Pure Gold on the team at WRLG, meaning, in Germany, even if it is not talked about in an "open forum," most business people I know have sugested, "no way, we do not want that baggage." I also understand, in Mining, it is different, and their is a shortage of qualified workers, with experience who may or may not want to work in the field, as Gwen and Management has talked about. I mean, what were the ex - Pure Gold workers going to do anyway? It is not like they could, or would hop on the next plane somwhere, leave the country, and get a better job?
I write, type real time, and have been thinking about these things, after reading some comments.
I want to reiterate, that I like WRLG a lot and am greatful to be a aprt of the company, with other shareholders. I might even back up my pick up truck this week, to average down a bit.
Sorry, if this is too long for some, and thank you for your time, consideration and replies.
I just stand in awe watching the "to the moon, crowd," which has seemingly gone "out of the universe, even going "super nova," sucking all other planets and stars in its path and the ones, (seriously, now) who might just want to throw themselves out the window, opr off the roof.
I guess, this is a long way of saying, be careful out side, take care of yourselves, and try not to be so serious (yes, I did write that), and be greatful to be alive, thank the Lord.
I am not going to reread this, just send it. I am truly amazed at all the different finacial instruments that exist today, noting, I am starting to get a better "grip" on them.
One last thing, and most important, my hands are "Strong," both figuratively, and literally. It appears to me, that a lot of you have recieved tremendous abilities, as far as "worldly knowledge" is concerned.
Thanks again, as I am learnings a lot...
Regards to all,
JamesF