Should have listened me on this one.

A little less than a year ago, I mentioned a stock in the Individual Stocks discussion board: Sandstorm Gold. At the time, the company was trading in the $0.65/share to $0.85/share range. I predicted that the stock would one day trade north of $6/share. Today it is trading north of $10.30/share. The company today just got added to the New York Stock Exchange, is is no longer trading on the pink sheets (See Video) and just became a business media darling.

I would first like to thank all of the people who redded all of my posts related to finance, gold investment, and especially the posts related to this company. Your cynicism and denial did a real good job at keeping the masses away. I really needed that. Had the price risen too soon before I could fully establish my position, I am not sure I could be as well off as I am now. Thank you, you are the best.

As for those that profited from my mention of this stock, and pursued it further, no problem. I did not intend to steer you in it. I am in no way associated with the and have not vested interest in it other than being a minor shareholder.

greling said:   A little less than a year ago, I mentioned a stock in the Individual Stocks discussion board, Sandstorm Gold at the time, the company was trading in the $0.65/share to $0.85/share range. I predicted that the stock would one day trade north of $6/share. Today it is trading north of $10.30/share. The company today just got added to the New York Stock Exchange, is is no longer trading on the pink sheets (See Video) and just became a business media darling.

I would first like to thank all of the people who redded all of my posts related to finance, gold investment, and especially the posts related to this company. Your cynicism and denial did a real good job at keeping the masses away. I really needed that. Had the price risen too soon before I could fully establish my position, I am not sure I could be as well off as I am now. Thank you, you are the best.

As for those that profited from my mention of this stock, and pursued it further, no problem. I did not intend to steer you in it. I am in no way associated with the and have not vested interest in it other than being a minor shareholder.

Congrats? How much did you end up throwing at this - 1k? 10k? If you believed it would explode as it did, did you have the cojones to back it up with a 10k play?

I guess my question is what constitutes a "fully establish[ed] position"?

TheDragonn said:   greling said:   A little less than a year ago, I mentioned a stock in the Individual Stocks discussion board, Sandstorm Gold at the time, the company was trading in the $0.65/share to $0.85/share range. I predicted that the stock would one day trade north of $6/share. Today it is trading north of $10.30/share. The company today just got added to the New York Stock Exchange, is is no longer trading on the pink sheets (See Video) and just became a business media darling.

I would first like to thank all of the people who redded all of my posts related to finance, gold investment, and especially the posts related to this company. Your cynicism and denial did a real good job at keeping the masses away. I really needed that. Had the price risen too soon before I could fully establish my position, I am not sure I could be as well off as I am now. Thank you, you are the best.

As for those that profited from my mention of this stock, and pursued it further, no problem. I did not intend to steer you in it. I am in no way associated with the and have not vested interest in it other than being a minor shareholder.

Congrats? How much did you end up throwing at this - 1k? 10k? If you believed it would explode as it did, did you have the cojones to back it up with a 10k play?

I guess my question is what constitutes a "fully establish[ed] position"?

I plopped down $5,000. I really believed in the company wholeheartedly. The CEO was the former CFO of another company already on the NYSE.

I bought DTG for $1 in 2009

Which tickers have you gotten hosed on?

"I" predict Red for this thread. And I won't even have to wait a year to gloat.

How long does it take to establish a $5k position? 1 second? 5 seconds? Glad fwf gave you enough time to get in ........ must have been pretty intense. High five!

worm690 said:   How long does it take to establish a $5k position? 1 second? 5 seconds? Glad fwf gave you enough time to get in ........ must have been pretty intense. High five!

Took about two weeks and 6 trades, as trading volume was very thin at the time. I had to set several limit orders for blocks of several hundred shares.

greling said:   One thing I should also mention is that the company CEO is both the youngest CEO & CFO of any company ever listed on the NYSE. He's only 33. Very unique boy genius running the show. They also have less than 20 employees, so not a lot is spent on labor costs. Nearly all of the money goes into making deals.

Royalty and streaming companies have been around for awhile (Royal Gold and Franco-Nevada) and your guy was CFO of Silver Wheaton, so it is a proven business model (not a unique boy genius)

Looking at the stock ssl.v on Yahoo, it has a 52 week low of 4.65 (not 65-85 cents)
1 YEAR CHART SSL.V

BEEFjerKAY said:   greling said:   A little less than a year ago, I mentioned a stock in the Individual Stocks discussion board: Sandstorm Gold. At the time, the company was trading in the $0.65/share to $0.85/share range. I predicted that the stock would one day trade north of $6/share. Today it is trading north of $10.30/share. The company today just got added to the New York Stock Exchange, is is no longer trading on the pink sheets (See Video) and just became a business media darling.

I would first like to thank all of the people who redded all of my posts related to finance, gold investment, and especially the posts related to this company. Your cynicism and denial did a real good job at keeping the masses away. I really needed that. Had the price risen too soon before I could fully establish my position, I am not sure I could be as well off as I am now. Thank you, you are the best.

As for those that profited from my mention of this stock, and pursued it further, no problem. I did not intend to steer you in it. I am in no way associated with the and have not vested interest in it other than being a minor shareholder.

Hmmm. Could the reverse (1 for 5) split on May 9, 2012 have anything to do with this?

Hint: Due to the reverse split, your cost basis is really $3.25 to $4.25 per share.

However if you decide to claim 65 to 85 cents as your cost basis for tax purposes, I'm fine with that.

A primer on reverse stock splits

Right but OP was in for $5000. Surely he would have remembered a difference of 45,000 dollars in capital gains if hit had been reverse split, AMIRITE?

LordKronos said:   BEEFjerKAY said:   greling said:   A little less than a year ago, I mentioned a stock in the Individual Stocks discussion board: Sandstorm Gold. At the time, the company was trading in the $0.65/share to $0.85/share range. I predicted that the stock would one day trade north of $6/share. Today it is trading north of $10.30/share. The company today just got added to the New York Stock Exchange, is is no longer trading on the pink sheets (See Video) and just became a business media darling.

I would first like to thank all of the people who redded all of my posts related to finance, gold investment, and especially the posts related to this company. Your cynicism and denial did a real good job at keeping the masses away. I really needed that. Had the price risen too soon before I could fully establish my position, I am not sure I could be as well off as I am now. Thank you, you are the best.

As for those that profited from my mention of this stock, and pursued it further, no problem. I did not intend to steer you in it. I am in no way associated with the and have not vested interest in it other than being a minor shareholder.

Hmmm. Could the reverse (1 for 5) split on May 9, 2012 have anything to do with this?

Hint: Due to the reverse split, your cost basis is really $3.25 to $4.25 per share.

However if you decide to claim 65 to 85 cents as your cost basis for tax purposes, I'm fine with that.

A primer on reverse stock splits

Good catch. And actually, if you follow his link to the post where he originally suggested this stock, you can see it was posted on Nov 23, 2011. Google Finance says the (split-adjusted) value on that date was $6.60. That last time it had been 4.25 (0.85 pre split) was Mar 18, 2011. That was 8 months before his post. So when he said "At the time, the company was trading in the $0.65/share to $0.85/share range", that's just not accurate at all. The 0.65-0.85 trading was 8-12 months earlier.

So if we had followed his advice when posted, we would have only had a 60% increase. Still very good, but nowhere near the 1200-1600% increase he was suggesting we could have had by listening.

Guys, guys, shhhh... you're ruining his chance of pumping up another stock with inaccurate claims. Don't ruin the fun.

You only have a profit or loss when you sell. Until then, you don't have your money and you see pretty numbers. So sell and then brag? Who knows, it could crash or double tomorrow.....

Please update this thread when you sell and actually realize any of your gain. So far you have got only paper gain, and as mentioned above not very impressive one due to reverse split. When you sell stock back at 65 cents I will start my own I told you so thread.

DesiVibe said:   greing..you got pwned...60% gain is excellent but not good enough for you to come dissing at FWF

Yep. What a dick.

Started looking into Sandstorm Metals & Energy LTD.

I read this and stopped reading...

Sandstorm recorded a $13.1 million net loss for the three months ended December 31, 2011, attributable to a number of factors including:

-- An increase of $0.05 million in admin fees and professional expenses.

F* that. As the CEO of a company, if you are loosin $13.1 million in 3 months...you better cut admin costs not live it up like you are P.Diddy!

The OP could not even predict the Shitstorm (LTD) he would get from this thread, I don't think he should be bragging about his skills any more...

LordKronos said:   Good catch. And actually, if you follow his link to the post where he originally suggested this stock, you can see it was posted on Nov 23, 2011. Google Finance says the (split-adjusted) value on that date was $6.60. That last time it had been 4.25 (0.85 pre split) was Mar 18, 2011. That was 8 months before his post. So when he said "At the time, the company was trading in the $0.65/share to $0.85/share range", that's just not accurate at all. The 0.65-0.85 trading was 8-12 months earlier.

I was trying to give him the maximum benefit of the doubt. Perhaps he was able to make his purchase private party. Perhaps there's some sort of nomenclature difference, such as OP citing the Bid while Google Finance is citing the Ask. Or maybe OP was able to make some sort of miraculous intra-day play that wasn't reflected in end-of-day pricing. Dunno.

What I do know is the basic mistake of incorrectly accounting for splits and reverse splits is a pretty common middle school or high school investment challenge mistake. Or at least more common.

Anyhoo, legging into a $5k position via 6 filled (and who knows how many unfilled) limit order is wayyyyy beyond my capabilities for patience or persistence. So I gotta give kudos to OP for that.

And I did get some delight at imagining the look on the brokerage firm or specialist firm's staff's faces when they saw the repeated sub-$1000 limit orders hitting the order book day after day. So I give OP kudos for making those folks work for their commissions/spreads.

Happy for your good luck.

Come on, you have to love the thought of OP reading this thread and thinking to him/herself. "You mean I did not make $100,000 on this deal?"

I went to Vegas with $500 and left with $1100. That's a 120% gain! In Yo Face FWF!!!!!

"Touchdown Dance"

^^ O, the irony.