Re: Oh No!
in response to
by
posted on
Sep 22, 2009 06:11PM
Creating value through Exploration and Development in the Sierra Madre of Mexico
C#Miner,
We (and I am the least of these by a long shot) could all be wrong.
The people invested in this stock have a history of being winners. The properties are excellent and the management team is among the best.
The investment community in which this company has to try to operate is probably the most corrupt in the history of mankind. That just might have something to do with why this stock is currently performing with less enthusiasm than some of it peers.
I don't think there is any error here in the judgment of the company and its prospects.
My comment had to do with the tactics involved with the sales that were made. Look them up on a 1 minute chart and you will see that nobody in their right mind would trade this way if they were trying to make money; even a legitimate short seller who felt the company was overvalued. The only reason anyone would have made the trades the way they were placed was to drive down the price of the stock. Perhaps a trapped and desperate short could make a trade like this BUT we aren't talking a lot of money here. There isn't enough money involved for the trade to be anything other than a "show you who's boss" trade.
Could I be wrong....wouldn't be the first time.
P.