Posted on: 12-02-10 17:52:38
Crew Gold Corporation (CRU) at TSX Composite
I have been following TSX:CRU for some time and when it was 0.10/stk, I had a TIP to buy (See http://www.nasd100.com/2010/02/top-canadian-stocks-with-highest-upside-potential-as-of-feb-3-2010.html ) . This was almost 10 days back. It closed today at 0.215/stk.
Now the same has got some excitement news in the market again and now it’s expected to go up and up and up....... (See http://www.google.ca/finance/company_news?q=TSE:CRU )
I had bought it in bulk at 0.10/stk and still holding.
What does the CD Investor Experts think about it?
BUY/SELL or HOLD.
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I am an SWING TRADER not a DAY TRADER....
Disclaimer:
(Anything discussed in this Post is completely an individual’s view. The Poster does not hold any responsibility for this discussion. Please discuss with your financial advisor before buying or selling anything discussed in this Post.)
Who is this giving you tips on so many small caps and you are making 100% profit in less than a month (annualised becomes anywhere between 1000 to 1500 per cent)
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Chandresh
Advice is free – lessons I charge for!!
I'm usually wary of such small cap, low volume companies because they're subject to insider manipulation, "pump-and-dump", etc.
Not saying this one is, but lots of them are.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
Hi Are u a day trader or a short term or long term? The way I read your posts it seems you are a short term one. It'll be very hard to say anything for any of the tickers you post here unless I go through their technicals. But like Pratick said I also stay away from penny stock companies and have no knowledge of them. My fav's are large cap as the names provide me good dividends and feel safe with them, some good ones from my pick are MRK, INFY, MCD, TMO, DE, FAST, WDC, INTC, etc....
Jona
Are u sure , you are making profit on all these stocks
you said u bought the share for 10 cents like 10 days ago... but history shows it was 10.5 Cents the lowest in a month on Jan 15th. not like 10 days ago.
Crew Gold Corporation (OSE: CRU, TSX: CRU) is an international gold mining company that operates three gold mines at Nalunaq in Greenland, at Lefa in Guinea and Masara in the Philippines. The company is listed on the Oslo Stock Exchange and the Toronto Stock Exchange with headquarters in Weybridge, United Kingdom. The non-precious mineral mining company Crew Minerals has been demerged from Crew Gold.
One time the stock was worth 20 $
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You know you are a desi when ........ You spew forth the virtues of India, but don't want to live there...............You've never had a tanning salon membership
Quote:
Originally posted by chandresh
Who is this giving you tips on so many small caps and you are making 100% profit in less than a month (annualised becomes anywhere between 1000 to 1500 per cent)
Chandresh,
These are TIPs and information coming from my friends who are also doing investments in the market. Also they get their TIP from their resources, and I believe that any TIP I am getting from my network is well studied and well understood, for anyone to put in their hard earned earning.
I know few of the stk did have 100% return and as we calculate one who is playing in it would land up making 1500% in a years time but, I am not interested in the 1500% as that’s too much greed.
My Strategy is to get in and with the cost of the trade and ECN fees; I put up the stalk for sell at 10% profit. Lately I have noticed that I did make 10% in just few days, so I don’t play for big I just play for 10%. It’s a small deal as it’s just the TFSA account where there is not much to play with. There are also days when I did land up with 8% loss but I am playing with very little money and 8% loss is like what I spend on LOTTO in a month.
Let me know if there are any other questions....
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I am an SWING TRADER not a DAY TRADER....
Disclaimer:
(Anything discussed in this Post is completely an individual’s view. The Poster does not hold any responsibility for this discussion. Please discuss with your financial advisor before buying or selling anything discussed in this Post.)
