Thursday, June 05, 2014 7:32:42 PM
If I owned no Mexus or a regular 1/20th weighting I would feel obligated to buy more. At the moment I am hugely overweight Mexus and it has dragged down my entire performance for a couple years now. That's just one side of the coin though, since in 2012 Mexus buoyed my portfolio to crazy levels. I have been holding with a few scattered buys (all of which have gone down). While the rest of my picks are having one of their best years in recent history. I am almost at the point where I may have to sell some of the other surging stocks and even some Mexus regardless of price and re-balance. Regardless of where Mexus ends up it seems the most prudent choice of action.
About a year and a half ago I realized that I was way too focused on gold and silver and that I had ignored many of the other compelling commodity opportunities that were available. So I opened myself up, and using my interpretation of Mexus' potential (ten-twenty bagger minimum) as the bar I made a list of ~20 unique and elite commodity companies. Having 20 diverse high quality prospects with equal weighting is a far superior strategy to the "Mexus all-in" strategy that seems to permeate some of these boards and infect even those like myself who should know better. Even if such a strategy works out it doesn't mean that it was a smart idea.
So in a nutshell, I think Mexus is doing fine (even though it appears otherwise) and that if you were disciplined in your past purchases you would have avoided overpaying and now can take advantage of the opportunity of shares priced at levels I thought were impossible years ago.
Recent MXSG News
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 06/28/2023 01:47:39 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM