Replies to post #152830 on Liberty Star Uranium and Metals Corp (LBSR)

[THREE-DAY-TRADER]

LBSR is a subpenny, higher risk category trade, and some traders like to trade them (such as me), but by using sideline 'mad money' cash. It helps add diversity to trading portfolio and if done right provides good yield overall in addition to other trading. Take a low risk amount & seek a high yield (proper risk/reward ratios).
Doing that is not a 'waste of time'.
Applying right methods on a subpenny, etc, is sensible, and LBSR is also liquid enough for good play.

40-50% last month in April, & currently LBSR paying off again (2 for 2 with me on it).
Not a 'waste of time', but good trading for those savvy to see it.

Good day to you!!
I've got other things to do for a while than be here.

[MACYSH]

I agree with you on this post!

1 million shares bought at 0.002 equals 2000 dollars....

Waiting and waiting for it to flip at 0.0025 is 2500 dollars if you are lucky to sell all the 1 million shares at once at that price...

Taking 20 dollar average cost of trades and an average 28% short term capital gain rate besides whatever state tax you pay let's say 4% then you made a grand profit of 500 - 180 = 320 dollars...

It is a profit just obtained by selling all your 1 million shares which you would have to buy again to make a similar profit...you just don't know when or how long to wait or of substantial news might come any moment.