Valley, for those who think that LLEN and HMPR are gambles......the gambling occurred when LLEN was 15 bucks and HMPR was 360 bucks. These companies are little diamonds in the rough waiting for their day in the sun. The smart money is getting in at these levels.
I would say half my portfolio is in guaranteed conservative annuities. I do have a third of my money in what some would consider risky equities such as LLEN and HMPR (sense I'm young enough), but I am diversified.
PSTR is somewhat similar to HMPR in regards to insider ownership, recent large purchase, very low number of shares. They sold some assets back last year which put a hamper on the earnings, also, they switched most wells to oil production so this quarter must be bringing them back to profits. Things are looking good for American oil production.
I always prefer to follow the path of men that are more successful than me and there is this multi billionaire investor who's name is Dr. Frost, he normally dabbles is bio/medical tech but the last several years has diversified into gold and potash he owns 17% of PPRTF and PGLC.......which I own both.
My biggest equity holding is Hecla HL silver mine which just had a mine reopen and should start to raise to the 10 dollar level of the next six months (Blackrock making big purchases). I also own another silver mining company called Aurcana AUNFF. Gold and Silver is going to move it is just a matter of when and it will take the beaten up miners with it. It is inevitable but lacks in imminence.
When I first got back into the market made a common mistakes of having the fear of missing out and made a couple of purchases of JRCC coal company, at the five dollar range, been sitting on it for a year; could have sold at the election and made money, but anticipated that the winter would be severely cold and natural gas would rise and push coal higher, to no avail. I have swing traded JRCC and made enough to cover my loss if I sell, but my poor decision still leaves a bad taste in my mouth.
In all reality, for me, the market is just ego maintenance.....gives me something to think and worry about. Don't get me wrong, I want to preserve my capital and produce profitable results.........
LOL, ran out of space. In all reality, for me, the market is just ego maintenance.....gives me something to think and worry about. Don't get me wrong, I want to preserve my capital and produce profitable results.........
But, the market gives me a chance to be creative and gain knowledge; that is why we are here, to experience the energy and sense data we collect from the market. This market is full of subjective and objective forces/information. I find the challenge of determining/ciphering the forces/information to be quite rewarding. I may be a contrarian/counter-factual but that is the way the market reacts. Anyway, good luck to you and have a great weekend.