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Re: JustForFun7 post# 20648

Saturday, 06/01/2013 11:51:33 AM

Saturday, June 01, 2013 11:51:33 AM

Post# of 26631
I understand your perspective.

However, when you are talking about millions of shares in a very thinly traded company, it is difficult to "trade" as you do, and make any serious money. Plus the tax man will draw & quarter you. Not saying it can't be done, but it is well above my skill level,and too much risk, so I take the easier long term investment program.

I tried commodities trading about fifty years ago and almost had two box cars of fresh eggs delivered to my house!!

Basically I don't care if it takes five or ten years to reach a goal, and I sort of favor real in-depth research and then I never
buy anything that I do not fully understand and am willing to hold indefinitely. If something company specific changes the fundamental potential, or if I see political upheaval, as in Argentina at the moment, I cut and run while absorbing my loss.

Panama offers a very unique opportunity IMO so I am willing to put in seven figures because I am extremely confident of the ultimate outcome. As for timing the market? I really suck at that so I don't even try. I just keep on buying regularly as long as I believe I will be rewarded ultimately with at least 10X my investment. Occasionally, when it is an absolute "no brainer", like a forward PE Ratio of 1.2 I am much more aggressive. When Petaquilla goes to several dollars per share it will be much less attractive to me.

Good luck with your technique, it is above my ability.

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