Thursday, January 16, 2014 11:54:47 AM
If I had bought NBRI at .20 with $10000 and held, I would have 50K shares.
At the .033 low where I bought a couple weeks ago, I would have bought 50K more shares (Probably 200K)and bought at .033 and spent 1650 bucks.
When I sold at .05 this week, I would have only needed to sell 33000 of them to gain my $1650 back.
That would have lowered the cost basis of the shares I had left to .14.
I also could have sold about 55000 shares, and sold some of my .20 shares along with the .033s at a break even point and be able to exit slowly without a loss at all.
There is no excuse, IMO, to be in the red on any stock. (Other than a BK)
If one of your stocks goes into the red you just need to take some time, and work that stock back into the green again.
Sitting and waiting for it to fix itself is like waiting on the side of the road for a flat tire to re-inflate.
Complaining about it is about as much of a waste.
But there is something to be said about someone in the red having the right to argue with the idea of buying millions of shares and just sit on them for years.
We do get a lot of that as a recommendation here and I do not think that is a safe bet YET
IMO the CEO intends to make this a stock for that type of investment but it is not there yet... and he has run over his own foot a few times.
Recent NBRI News
- North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • InvestorsHub NewsWire • 06/27/2024 01:00:00 PM
- North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • InvestorsHub NewsWire • 06/18/2024 01:18:44 PM
- North Bay Resources Reports Assays up to >25% Mg, 0.1% Ni, 0.1% Cu, 0.01% Co, 0.3 ppm Pt at Tulameen Platinum Project, British Columbia • InvestorsHub NewsWire • 05/29/2024 01:03:34 PM
- North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • InvestorsHub NewsWire • 05/21/2024 01:07:26 PM
- North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • InvestorsHub NewsWire • 04/23/2024 01:41:02 PM
- North Bay Resources Announces Acquisition of 55.5% of Bishop Gold Mill, Inyo County, California • InvestorsHub NewsWire • 04/08/2024 02:38:35 PM
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VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
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