Post by
CobraCommand on Aug 18, 2017 1:13pm
Wildy Profitable
When Robert Friedland describes this venture as "wildy profitable", and puts his money where his mouth is, I'm inclined to follow.
I'm not expecting a payday anytime soon, and am fine to wait, that's what you do with stocks, unless you are a day trader.
Could this turn out to be a bust? Of course it could, diamond exploration is super high risk!
If you believe in the company, who cares if its 9 cents, 10 cents, 11 cents, 12 cents. You are obviously holding out for a much bigger payoff down the road. These prices are a buy and hold if you believe. And if you don't believe, well then put in your sell price or keep spectating.
LOOOOOOOOOOOOOOOONG PGD;)
Comment by
mill44 on Aug 18, 2017 1:19pm
I assume that the fact that a lot of people have no idea how many shares they got from oversubscribing makes the situation worse. The stock could and should bounce once that is cleared up, especially if the SP is close to the 10c.