Decided to buy this stock on shear speculation that Eric Sprott knows something more than I do.
He purchased 3 million shares on Friday so I thought I would follow him in. We'll see what happens. Stock closed the day @ $1.90
The market is very jittery today and the general feeling is we are in for a major meltdown and the market is gearing up for a major pullback.
Pretty much all sectors were down today so there was no refuge anywhere.
My current trading portfolio contains the following positions and I never invest more than 4K in any one position. That may change over time as the portfolio either grows or shrinks.
I am currently down $1,750 on these positions. Trying to have the patience of a poker player.
Portfolio
1000 sh BIR.t
3000 sh WRG.t
2000 sh TSL.t
7000 sh FF.t
1500 sh BDI.t
55000 sh KLS.t
2000 sh WDO.t
2800 sh NAL.t
I never like to keep holding once my loss exceeds 20%. That's my limit. I sell, move on and hopefully successfully pick something that is moving up. Up on KLS and EXN the rest are down. Do your own due diligence.
Happy Trading
Peter!
