Today's Action
posted on
Sep 10, 2008 04:06PM
Producing Mines and "state-of-the-art" Mill
It is really strange. It was pretty well TD Securities as the only seller all day long. Alot of shares sold. Strange.
I was over at another stock I own and it was at an all time low. It turned out it was a hedge fund liquidated its position. At another company they said it was at a discount brokerage where someone did not settle their bill and they just sold the stock.
I was watching the news yesterday and Prime Minister Harper was talking about a cut in excise tax on diesel oil. Well just before there was an ad run with a puffin flying over the opposition leader and pooping on his sholder. Well, the news paper reporters spent more time talking about the ad then they did about the excise tax cut which could benefit lots of businesses.
Seems like this is happening to us right now. The stock market is just awful and good news for us is just being ignored. Sometimes there is a really good reason why something is happening and we cannot be told anything because it is not a press release. Right now our company members cannot buy or sell a share because of insider trading rules. So the company themselves cannot even assist our share price. I do not know what the news is. What I do know is that McWatters is on track. We in time will be getting good drill results. Everyone is really working hard to make this business succeed. We have to deal with the market ourselves and look at why the price is dropping and we have to look at the news in general. One way to set your mind at rest is to phone the company or go to the meetings that have been set up. Think back to the PDAC and how excited we were about Hart. Think of McWatters - we are so close now and it has been a long wait.
P.S. I know I don't post that much. It is not that I don't believe in the company because I do. I got to stack wood today. Eight cords of wood. It gives you lots of time to think. Have a good night.