Re: Venture market getting very precarious
in response to
by
posted on
Dec 18, 2007 08:39AM
".....this could be a very very rough ride"
Man, and here I thought that this had already been a rough ride!!!! Good grief. What was I thinking?
There are times when all you can do is shrug your shoulders and laugh, and not necesarily in that order.
Never in my wildest dreams would I have ever imagined that we would have fallen from 90 cents down to 53 cents in less than a three month period and during which time GOLD ACTUALLY CLIMBING up to the 800 level and with no SIGNIFCANT company related bad news.
It goes to remind you that the market does whatever it damn well pleases. And selling tends to bring on more selling. Only time, patience, good company execution, and good cost averaging down can remedy this kind of wild ride. But indeed your point is taken. Nonetheless CSG's fundamentals will eventually put a stop to this market madness. But yeah, until then the market obviously has no sound footing with this puppy yet. .....been very disappointing really, but such is life. Longterm investors will still come out fine.