InvestorsHub Logo
Followers 39
Posts 6112
Boards Moderated 0
Alias Born 03/05/2017

Re: TradeForProfits post# 18

Wednesday, 05/10/2017 10:42:43 AM

Wednesday, May 10, 2017 10:42:43 AM

Post# of 48538
If one wants to 'do a flip'- short term trading- it still matters
what the underlying stock's fundamentals are; ie. ACRL has a bad balance sheet, disorganised management who have absolutely no experience in exploration mining and old debts that have not been paid.

Hence, if one wants to do a 'flip', I would strongly advise that the investor choose an equity that has a positive balance sheet, experienced management,good credit and a direct focus on the industry they are attempting to exploit.

ACRL, presently, has none of the above so I would not choose ACRL as a candidate for a 'flip'.