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flicker

03/27/13 1:41 PM

#62993 RE: peteinstpete #62991

I keep some cash on the side and wait for a day like today when shares are being dumped/and short sellers are active. We can expect that to produce a new low. I put out a low ball buy order to pick up some shares on the cheap. If the price goes up before the fill, it looks great on my portfolio. If my order fills then my average goes down some more. I have plenty now and am never tempted to chase what looks like an attractive price.

I haven't sold any but I could if there was a run up or something and I'd still be able to stay in the club. The risk at this point is exactly what HemiHead and others warn about ... inadequate financing to complete the mill permit process means we get flushed. The other risk would be a pump and dump penny group coming in. The reward should be huge if the business operations are financed toward recieving the Mill permit. We should know one way or the other very soon.
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lesgetrich

03/27/13 1:44 PM

#62994 RE: peteinstpete #62991

I bought most of my shares in batches of 10k to 50k (I currently have 1.1 million). Just don't spend more than you can afford to loose. Despite my optimism, this is still a risky investment.
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Akula42

03/27/13 11:38 PM

#63022 RE: peteinstpete #62991

Million-Share-Club? Did I miss a post ;-)

Congrats on meeting your goal.

$CGFI