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Bullboard - Stock Discussion Forum Creso Exploration Inc CRXEF

GREY:CRXEF - Post Discussion

Creso Exploration Inc > Getting Ready To Explode
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Post by judya2 on Nov 08, 2010 3:26pm

Getting Ready To Explode

I have seen this many times when a stock gets badly oversold

I have averaged down bringing my average way down

"For every action there is an opposite & equal reaction"

This is what I am awaiting. Hopefully sooner rather than later
Comment by fairchij on Nov 08, 2010 4:47pm
That is the way money is made. Great buying opportunity. I increased my buying today. Way too much potential here with lots of drilling. Very early in the drill program.
Comment by franzneuman on Nov 08, 2010 5:34pm
Opened a position today. I'll buy this down if necessary. The drill results from the summer are nothing short of incredible.This is my first buy of an exploration stock in over 2 years.As someone who exited exploration stocks almost entirely in 2008, there's an important issue to consider with how the market has reacted to the Creso find. These stocks are the riskiest you will find ...more  
Comment by fairchij on Nov 08, 2010 6:04pm
Good to see you take a position Franz . Let us hope we enjoy the same kind of success or better than we have had in the past!
Comment by franzneuman on Nov 08, 2010 7:03pm
Indeed, fairchij. This one looks poised to deliver. Might take some patience, but these ones usually do.Cheers, franz
Comment by Kits09 on Nov 08, 2010 7:14pm
Agree, franz. I remember American Barrick's share gyrations when it was under $2 many years ago........82.5m @ 13.3 g/t is not an isolated hole with nothing around it. Patience will pay off IMO.Kits09  
Comment by franzneuman on Nov 08, 2010 7:29pm
Exactly - no way you hit something like that without finding some more in large quantities. franz