I am caught up in cmy..(its up to how greedy administrators are some do really have interest of shareholders in their decisions)(I bought only because of lithium which evaporated)when I first started I picked a stock which went from 15th to 5 th 3 years some time to nearly come out even. did another one again same thing
then I started with $500.00 to max $1300 I picked up 1,300,000 shares in pdn @1.3 cents sold out at 3.3 cents meant to come back in , I did not look ,up the 10yr plus chart and you will see it went to $11.00 plus .. we went on to keep making good money paying taxes, then 2008 came on o well prev year paid$150,000.00 (15%)tax in my super fund .. guess what I lost all my profit and was out of pocket the $150,000.00 I paid in tax . moral of the story only put a little of your profits back into stocks, buy property.. keep going only with small amounts …one of my friends did well, borrowed money in 2007 then bank sold all his shares in 2008 an almighty loss which nearly destroyed him.
CMY Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held