Posted: 6/28/2010 9:37:07 AM EDT
|
I mentioned this stock in the What stocks are you buying thread, but got no response. Since I started purchasing it 3 weeks ago its gone up 100%.
I actually sold it after holding it for about7 trading days and making 34% interest. Then a few days later seeing that it wasn't turning down repurchased it twice. My 1st purchase @ .40 is now showing a 50% increase and a subsequent purchase @ .52 last Friday. So far today this stock is up to .60 even with a good downturn in gold and silver prices. NT Mining is a PM exploration company in Canada that is currently developing 2 different mines with very good potential. There is a report out though " which I haven't read" which supposedly states NTMG is a big scam. I've failed to locate info on the report even though I signed up for a so called news letter for it twice. The management for the company seems to be an experienced group so I'm going to ride this stock out as far as I can. This is honestly the 2nd biggest short term gain I've ever made, but then I haven't sold it yet. The target price for this stock is .82 at last report. I'm big on PM's so this stock fits in well with my investment strategy and makes sense, assuming its legit. |
|
Quoted:
I noticed your post and tried to buy but my Scottrade account won't let my buy that stock without broker assistance. I missed an easy few hundred dollars.  You can buy from Scottrade with broker assistance at the online price of $7.00. No extra cost. It trades slower though and you have to put in a limit price "no market price sale" but after the buy is in you can change the price. |
| Talk about openning bell shock! I just logged onto my Acct a few miinutes ago and NTMG was down to .42 from closing @ .605 yesterday. They just completed the accuisition of the Valentine mountain project and its moving back North again so at worst I'm at even now! But what a shock! I was down $7760.00. Now only $6500.00. I'll just have to ride it out. No Balls No Blue Chips! |
|
Well I'm riding it out out just fine and will soon be back in the profit zone!
I hope some of you hawks out there dove on this stock when it was temporarily depressed! Opportunities like this don't happen often. Yeah there's some risk. All you can do is read the info that's available and roll the dice. |
|
The trend does look bad for the short term yes. However there are a couple of things influencing PM stocks right now that are very likely to reverse themselves in due time. One is of course the seasonal effect.
Two, there is an uneasiness in the gold market right now due a large transfer that is suspected of being from the IMF to unknown or unreported banks to cover what is thought to be a bailout of Greece Italy or Ireland and Spain. But that is just speculation though the amount of gold moved is supposedly known "I forget the actual amount". For me I'll stand pat and keep my holdings. I've learned one thing for sure, is that the way to insure you have a loss, is to sell at a loss and hope that you can repurchase at a lower price later and sell for a profit. JMOFWIW |