posted on
Feb 13, 2012 03:55PM
If we understood the impetus for CHM's volume, than we'd understand FNC's volume. CHM had over 2.5 mil with an increase. Demand outweighed supply, even outweighed day traders, indicating accumulation and an expectation of further increase. Fairly basic.
We should have reached .38 or . 39. But we didn't. We were flat with half million traded -indicating supply equaled demand. Had someone not wanted to sell, we'd be at. .39 or .40. So what are the various causes for equal supply and demand. A) cross trade from friendly parties, 2) day traders bought in, saw CHM's peak, and bailed without profit, but without loss as well, 3) someone needed to sell to pay for last year's taxes, but there was enough demand to keep it from dropping, 4) it's within MF's business plan to maintain a low Marketcap (unlikely).
Logic: one can't expect investor's intersts and timing to correspond perfectly with CHM. Therefor, if one trusted in the ultimate logic: Demand for Champion = Demand for Fancamp.
If we out wait the apparent disparagy, we will catch up. And I see as I write, we are moving up. If CHM maintains, we should reach .39 tomorrow. If CHM hits $2.40 than FNC hits .42c
Accordingly: if Peter Smith provided the same the assurances or evidence publically for Magpie feasibility that Secular and AI received, than OUR Market Cap would logically follow it's value.
I can understand if a CEO doesn't pay attention to daily SP fluctuations, but I dont understand not being transparent with material information. Perhaps there is no material information -yet.
-SG