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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

TSX:CMK - Post Discussion

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Post by godman on Aug 08, 2011 10:46pm

I am out

Just to let others know my position, I am all out of all stocks as of this morning. Nothing to do with CMK management or its  potential, it is the possibility of a total collapse. I have a rule, I will give up profits but not capital. Today I am even for the year, so I am out till these markets stabilise. The only thing I am holding and not selling is gold bullion. There are more important issues in the world to deal with right now, Somali drought and famine. Our problems are nothing compared to these people.
I will be back when world market conditions recover. No use trying to time the bottom. Asia getting killed right now. At least this may lower food costs so these people can eat. GLTA
Comment by straightbull on Aug 09, 2011 7:35am
Capitulation moment or smart move? I believe it is the latter.Heroes have lower life span.
Comment by godman on Aug 09, 2011 9:02am
Straightbull, I hope it is a smart move, but these prices are screaming deals, but this stock was .35 Jan 2010 and I know what can happen in a retard correction. Things are looking better for this morning. The big guys will let it rally and sell off, over and over again, for the next month or so. Hope and take it away, I like to invest not just gamble. Right now is gambling and until we get some ...more  
Comment by godman on Aug 09, 2011 9:12am
Look at London right now. Why is this rioting going on, reality, these people dont have jobs, thats what happens with too much sudden belt tightening. Just like North Africans and middle eastern countries who are tired of looking at wealthy people living in excessive luxury while they live in abject poverty. So unless the policies of government start taxing more as well as cutting services below ...more  
Comment by cooper90 on Aug 09, 2011 11:44pm
Godman...buddy... Did you actually sell your CMK or what......IMO...this is way overdone and I'm not giving any shares to the day traders only to see this company spike when news hits. I said from the beginning I would hold my core and accumulate over the next six months and that is what I'm doing folks for the record. I am giving them to April of next year to hit the below highlights and ...more  
Comment by The_Shadow on Aug 10, 2011 1:50am
Well that was much quicker than previously forecasted. So the GOD is now out___but the Sand DEVIL is still here whispering sweet nothings Has anyone been listening? And by the way__where has GEEE disappeared to?__now that we really need him the most! Shoulda got out at 4 bucks!!!!!!!!!!& ...more  
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