Niocorp Developments Ltd (NB)

[walterc]

No need for AI or algoritms Matt
My investment theory in a few sentences with pre- revenue companies.


1) Do not buy options in companies like LWLG on pre-revenue companies. You will only lose money. You cannot time the success of pre -revenue companies and options have a time limit. If you believe in the company sell regularly puts; Some of my friends do.
2) Buy very low several hundreds of thousands of shares below 1 usd , sell 1/20th of the stock in a rallye so that your cost is zero and let the rest run is what I did here and VERY succesfully.
Above 1 usd I never told friends to buy more LWLG.
I bet TH6565 did the same; I think he is making several millions in LWLG. Maybe you can learn something from some old guys like us (lol) Ok our gain here was a lot higher 1 year ago but I can await the further evolution at no cost ; In fact I have already realized profits and have no risk. So I do not accept your suggestion that I am losing money. I am making less profits.
If I am at a loss on some of my investments and I still believe in them I lower my cost by averageing down; I am doing that in a big way with IBC ( bought big at 10 cents)and Excelsior ( bought big at 17 cents)where indeed I have big losses but my average cost is now very low. . We will find out whether I am right. And You know why? because I believe in management.
I am not yet averaging down at Niocorp because my cost is still lower there thanks to you informing me of Niocorp at a very early stage .
Just had another( biotec) stock ( Mannkind) where I was losing money for many years and I averaged down big at 1 ,80 usd; Look at the recent results reported this week of Mannkind ; They increased their revenue last year by 100 percent. And the stocktwit forum is full of bashers like here. The stock is at 4 usd and I am not yet selling.
I am following Nate Pile here who made a fortune with NVDIA and Celgene.

BTW I do not always agree with what you are writing but I appreciate the fact that you know that Mark Smith is an honest guy . You may not like the results of his actions and that is ok but you know him better than most other investors
BTW I am expecting a call today about a private company I am invested in and I feel very excited. Yes me too , like Lebby- lol.