I alway's keep a short list of the years most ignorant posts in a favorites file for later reference.
Seems as though you and Hagg are in competition with each other to see who can earn this years honors.
Good luck, you're currently back in the lead.
During the NASDAQ bubble, I bought 2000 shares of a company called Ancor @ $1.25 and it reached $90. You just need to know the day to sell. And believe me, Silver/Gold may be involved be in a similar bubble thru the next 18-36 months.
AXU = $50/share? Who knows. But I would certainly like to sell 10,000 shares that day. Then, take my ball, and go home ... to my yacht.
Having said that, I am really, really disappointed that the newest AXU corporate presentation still has the 2.2-2.5 Moz of silver as the target for 2011. Highly unlikely.
i was a long term holder of miners till it set upon me that its still a piece of paper on the stock exchange.
Mkt tanks, it tanks no matter.
i have lost a lot by NOT selling into extreme strengths.....case in point SVM at $16...
but at times, not selling brings greater profits...case in point AGQ at $380...dont know why i actually held till $380 and then i sold..thank heavens my mind was working!
its all a learning process and each is adapted to one's biase... IMO theres NO hard and fast rule to the trading methods employed
I don't care...am I jaded? you betcha.....just look what volatility has done to the small investor....he has gotten slaughtered.
I invest in nothing....I buy low and sell high, taking the profits as I see them....I got caught up in the I love AXU syndrome on this board only once, and I got killed.....never again. Some people never learn. Buy and hold in this market is for suckers.
You made my point...CISCO went from $1.00 to $80, and now its what $20.00?
ditto for Dell, and many others....investing is dead in this country....the hedge funds and banks own the stock market.
Hope some of you used this opportunity to get out somewhere between $8-$20....it will be under 8.00 again shortly....the market is a Casino, and must be treated a such...no more, no less....when you have profits, take them...you can always get back in later...if not, move on...there are tons of stocks to gamble on.
Good profit on 2000 at $7.23 purchase. Again, can't say I hope you can buy back cheaper but you probably will be able to if the past is any indication. It's a risk but you are "gambler" right?
i love it when people who weren't traders a year ago, or even 6 months ago, suddenly, after watching something happen over and over and over again, become confident traders who feel the need to brag about their exit points on message boards.
another check on my list of things to look for when AXU is ready to break higher.
RB has been a trader for a long time. I lowered my trailing stop to 5% - not bragging, just seen this drop like a rock so many times after running up (especially when someone predicts $10). I'm no expert but it doesn't seem to pay to just hold 'em when you can sell on run-ups and buy back cheaper in a couple of days.