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Message: What is happening with Kimber?

What is happening with Kimber?

posted on Jan 02, 2009 09:20AM

Some things that are happening with Kimber (the stock) right now make perfect sense if looked at properly. I know of one investor who is trading in and out with about $50,000. I see him occasionally and he talks like someone who is playing the ponies. Made $1000 here. Lost $1000 there.



To you I say: Look at the price action. Why would someone hold at 62 cents last week and then sell at 56 cents this week? There's no new information out there. Nothing has changed. It's a bunch of people just trading the market because it keeps them from feeling too nervous. People feel nervous when they have to just sit and watch.

Basically, if this one guy I know is doing this, there are plenty of other people out there doing the same thing. Shooting craps, so to speak, and using Kimber as the dice.

We tend to think of our experiences as being unique, but they are not. If I know one guy doing this, there are probably plenty of others.

What's the danger of doing this? The most significant danger of all. Missing the big move. In bull markets, you DO NOT want to miss the Big Move. I've warned this guy. I've talked to him. He hasn't the slightest idea what he is doing. Not the slightest.

But he and others like him are confusing people like you and I as we watch Kimber jump around. When the big move comes, you do not want to be farting around trying to make a few thousand here and there to brag about to your associates who don't care anyway.

In a recent interview Bob Moriarty stated, to paraphrase, "When this turns up again, the crappy gold companies are going to go up 500%." What do you think is going to happen to Kimber. Kimber is going to hit $30 a share and could stop at around $100 a share. Think that's crazy. Talk to me in 24 months. Bull

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