Re: Anonymous today - Glorieux...
in response to
by
posted on
Dec 06, 2012 09:08AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
"We should be able to move up from our lows"
I do wish you were correct in this, I really do. We are in the middle of tax season, though. That and if we were to move up 4 - 6 cents, how many of those who bought these shares would scream "sell", run around like a drunken chicken (don't want to use the other analogy as it may be construed as politically incorrect...) because they just made 60, 80 or even 100%??? That and then sell their last remaining shares at the bid to hopefully drop the price down again over the next couple of weeks so that they can try to repeat the cycle all over again???
It is the day of the "day trader". I can never forget this as it would take a small miracle to move this share price up to where it "should be", in my humble opinion. It's much, much easier for these penny flippers to make "big money" (to them) with a share price in the single digits... The percentages go through the roof compared to moving from 28 cents to perhaps 38... A ten cent increase only nets them what... 35%. You move that same 10 cents from 6 to 16... Well, I hope you all get my point.
Some good drilling, some luck hitting something "substantial" and then the real luck hitting that same "substantial" ore 50 or 100 meters over... THAT would start the share price moving... THAT, in my humble opinion is what is needed to get out of our doldrums and on to the next level... If I am wrong, so be it. I would love to be wrong. Love it...
Herb