Replies to post #4231 on El Alacran Gold Mine Corp (fka EAGM)

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We understand your down ALOT, and that does happen from time to time on stocks, but there is no reason to continue telling everyone about it.. Take your advise of your "good friend," and just take write this one off as as loss.

Stocks tank, stocks go up... Thats a fact, but its also very important where you get in.. You even said it yourself in one of your prior posts. "Every stock will have it's day. Being a new company good things will come in time. I have waited since May this year for AURC to recover and the time is now. GLTA here..."Post [1950]

Posted by: KCN
In reply to: None Date:10/20/2006 7:15:55 PM
Post #of 4229

Well I have been advised by a good friend, much more in the know on stocks and charts not to throw any more $$ in this to avg. down. He said the odds of more reverse splits are very likely. I was told to just forget my investment here and move on. It's a donation at this point. Any thoughts!!!


Posted by: KCN
In reply to: None Date:10/6/2006 4:53:39 PM
Post #of 4231

For me just to break even this stock has to go UP 836%. Odds don't look good on that happening anytime soon...

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Like i've said before. This stock will begin to trade well when you least expect it. When the frustration reaches maximum threshold- when you don’t believe the stock can ever go up- when you see several other stocks trading much better and wishing you had your capital elsewhere- you will sell out of frustration, and it will be much higher one week later.

You see this time and time again in the microcap sector. Investors who have been disappointed in a situation over time sell their shares the moment they see daylight. The stock is providing them an exit strategy because the company is finally performing. They sell, and before they know it, the stock turns around and rockets to much higher levels.

It's something for people here to think about before they throw in the towel, or in any other stock they own.