Post by
68Charger1 on Oct 19, 2024 12:57pm
FDR: the big breakout arrives
Pretty good stock-price progress for a shortened trading week with no news. Arguably, FDR rode on the coattails of new money [finally!] entering the gold mining sector. But that wasn’t the sole factor at work.
Elite bull board participant Tin mentioned how he actually bought back the 20% of his position he previously sold. I’m sure he’s not the only long-time FDR holder pushing the throttle all the way forward again.
Eric Coffin even made reference to the relevance of FDR becoming margin-eligible. Something I did not expect him to ever do. Not like I’m interpreting that to mean he’s giving his blessing to aggressively leveraging oneself… though the tone of his latest subscribers-only FDR comment reflected something I had not seen before either.
No, I will not be saying any more than that - mainly out of proper respect for Mr. Coffin's business model. But also as a tease to any non-subscribers reading this. Like I’ve previously argued, if you don’t spring for the $1,500/year his deluxe service costs, you’re being penny wise and pound foolish.
Coffin’s updates and insights gave me the confidence and patience to hold GBR for nearly three years, and he tipped me to FDR in May 2023. Do you think maybe I’m glad I follow him? If you can’t afford his advice, maybe you shouldn’t be playing the stock market.
And I don’t mean that last comment to be snobbish. If the HRA subscription represents more than 10% of your expected trading profits, I respectfully suggest you spend less time playing the market and more time managing your own career. Come back when you’ve got a bigger income and/or can devote more capital to the junior explorer game. Harsh, but true.
On the other hand, if your career is seriously stalled (I sure knew that feeling, and more than once), then by all means try to trade/speculate your way out of it. But in that case, buy the best counsel as *soon* as possible – and Coffin is selling it at a bargain price. Like all genuinely good advice, it should pay for itself very quickly.
Finally, we’ve now got a guy with the alias of Real Money posting on FDR. For those of you who didn’t play Great Bear, or see RM’s posts elsewhere, I’m not sure I can adequately describe this character. Nor even understand exactly what he is saying half the time.
During the GBR ride, someone posted – possibly as a tribute - a short clip from Ghostbusters (1984) of Rick Moranis’ hilariously demon-possessed character being interviewed by Harold Ramis. I hope Real Money knows we kid because we love. In any case, he showed up on the GBR board around the time that stock really started moving, so he’s a welcome positive-sentiment indicator on the FDR forum as far as I’m concerned.
And now we wait for the next sets of assays. They will be here soon. Maybe even starting this week. Not sure what other bombshell, out-of-left-field news might also show up. Given what October has already delivered, you can never tell with Founders. Sounds like Colin Padget may also be about to make full use of Chris Taylor’s dazzling skill stack. If so, get ready for some major-major FDR stock price fireworks.
Quite apart from the looming proof of a brand new rich gold zone at Lower Antino, that is.
No one can complain of a lack of big-headline news-flow from our company. That’s one strong reason right there why we’re going to win.