Jim Puplava Answers an Important Question
posted on
Jun 02, 2008 06:16AM
On the Big Picture PART 2 from this weeks show at about 12:47 into it, Jim Puplava goes over something important for Kimber shareholders to understand. I'd recommend you all listen to the entire Part 2 if you can, but this portion is especially instructive in that it talks of how Brokerage Houses will sell shares back and forth in relatively small amounts to try and do funny things to the price. You all know the blocks of 100 or 200 shares of Kimber are changing hands at low prices. That is done solely to discourage investors who are not in the know. Think about this. The stock is around 1.65 all day then one brokerage house makes a deal with another at the end of the day to sell it 100 shares at 1.50. The stock closes at 1.50 and all of us get bummed out. That trade means nothing. I know that, but I still get bummed out. This only illustrates how powerful psychological factors are in this trading game. These guys know that and they are trying to prey on you with this tool. They are trying to make you panic." We'll listen to Eric King and "DON'T PANIC!" We know what we've got. And it's a good thing, baby! Bull