Overseas Indices

[nowwhat2]

Story-Time !

I once noticed a stock trading heavily on Montreal at .60 or so cents per share so I hand-charted it for 8 months during which time it climbed up to .85 cents. I figured I'd missed the majority of its' move so I ceased my hand-charting of it.

A month later the thing was at $2 bucks per share and a month after that it was $4. Two months after that it was $10 bucks per share then 15 then 20 then 40 then 60 !

Then 80 and a hundred and a hundred and fifty then $200 and all the way up to $ 240 it went before the companys head geologist committed suicide by jumping out of a helicopter because the whole thing was a fraud....

The companys name was BRE-X Minerals - One of the worlds most celebrated scandals.


Many made fortunes on it by buying it at $ 10 but I was not going to chase it !



T'was a bit of a lesson learnt THERE let me tell ya' !
Namely "Don't be so scared to chase stocks !"