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Gold/Mining/Energy : Copper Fox

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From: louel4/11/2020 5:07:10 PM
   of 10654
any body who has not picked up at least a couple of thousand or so shares of at WEF or CMMC is missing an opportunity wef I see Vol@price resistance $1.14 or perhaps a hickup in the 80 to 90 cent gap. IStarted in five K increments at 60 Cents 2 days later my stop was at 61 when it breaks the 20 Ma I will double up with the stop at 65 By continuing to do this it this guarantees a no loss trade strategy. CMMC is another I am working the same form 30 cents hen I mentioned it only in 10k Acquisitions My stop on 20K in at 36 cents I see volatility of peaks and valleys beginning around 64 cents but continuing upwards as the copper and other mineral prices in the market continues to climb. Cmmc is Profitable enough operating under present pricing they switched to a closer pit with lower grade ore. Saving the Higher grade resource to capitalize on coming higher mineral prices. which should increase the bottom line exponentially and share price should respond accordingly. the time to begin a position is near the bottom ready for or at reversal when value alone has derisked it. Unlike some I do not average down but rather average up as it rises using my earlier acquisition to guaranteed position for a no loss stop and flexibility for fluctuations. If it does take it out there is still a profit and it only takes 695 to $9.95 getting back in when it reverse. with 10k that is only a one cent move and still have $80 left over. One of the best information I ever read was by Warren Buffet He said small profits add up and they far outnumber than large ones. What ever you take off the table no matter how small is better than a loss. Making money is easy in the market But over rulling greed and selling before you loose it again is a learned skill that is hard to master.

I listened to Martha Stokes CMT. of Technitrader She said picking stocks or buying into a trend is simple. Knowing enough to exit just ahead of the heard while you still have profits then holding the door open while they all rush out chasing their losses down the slope is harder to learn. I use trend following and cycle indicators which can be adjusted to where they should be relative to their highs and lows along with some fundamentals for financial security purposes.

Like any one else I make some mistakes but having been trading the markets since 1972 and studying every thing I can for the last 10 years I am getting more accurate and profitable.

One thing I have discovered operating companies which are producing some thing with a Positive EPS are far easier to figure out, safer and more profitable to invest in than explorers punching holes in the ground hoping to find something using other peoples money.

I believe Teck resources is also a safe buy at this time according to the cycle indicator I use just that there are a dozen lower priced safe stocks offering much the same % return for less investment. And having three or four rather than just one offer diversification. Remember this is not a financial but rather a virus health correction. Companies who were doing well are still ok and will soon recover better than before. as they were forced dormant warehouse supplies were dwindling as things open up there is no warehouse cushion Demand is going to outstrip supply of these operating companies. Many takeovers are in the offing and I would not be suprised Copper mountain with a 31year LOM and another like it in the making is a target I believe he company may have a poison pill in place to guarantee a fair price if an offer or hostile attempt is made. Even with out a take out $5 long term in not out of the question
CMMC was previously $7.50 on less asset value or development The Third mill is ready to install to increase thruput for a cost of only $22 M . That is Peanuts for any major who would be interested. Copper mountain has slightly delayed doing it quickly. Cautiously protecting from debt overload. Very smart I would say. Starting in easy growing ones position safely then trading 30 % of it on the peaks and valleys based on historical technical chart reading. I can see money being made here CHeers
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