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Friday, August 22, 2008

100 more Timminco stocks

I just purchased an extra 100 stocks in Timminco, at the cost of 16.37$ per stock. I now had left around 800$ in my bank account... I just couldn't help it, I just wanted to purchase more stocks. Forget about paying my student loan.

I didn't calculate my overall income for quite a while now since I still have the problem with the Wireless of my laptop. Anyway, I spot that place where it's free to use the Internet, so I can still blog on my little activities. I just hope Timminco will turn well. If it can still reach that 22$ per share like it's once did, I will had make 600$ from the investment. I continue my search regarding Timminco, and what I learn was very positive and think Timminco stocks will just starting to rise in a not too far future. And not too elaborate too much on what I find, well, it was something like they had the contracts they needed and they just had to wait for the money to come in or something like that and for me it was just a buy buy buy comments... or from what I understood from it. I purchase Timminco knowing, again from what I understand, that Sprott sell part of their shares, and the reverse, Fidelity purchased Timminco... and me too lol. And it's hilarious, knowing I purchase 100 little shares. Well, I don't have that much money and now I am broke for the rest of the month lol.

I just kind of disappointed about my Sprott Asset Management stocks and there is no reasons why I had to loose money with the stocks like I did right now because from what I understand, they make 16 millions in profit for their last quarter, if the number is not correct, I know for sure they make some profits and now, a share that I pay 10$ now work less than 7$. But why? It's just doesn't make any sense.

At one of my job I had, I speak to someone who just pass his course to be a financial advisor or something like that and I ask him, just to chat around, why stocks were doing ups and downs all the time lol And than he explain that it was depending the temper of investors and also the news regarding the company, and so on. Like if everyone would just stop selling during bad things and keep holding like me, well, it could help, but just a bit, as he kept explaining to me, because it's not only the fault of investors. So I would like to say to people out there to stop selling Sprott shares. PLEASE.

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