I really think I woke up from a bad dream this yesterday morning. Its like the dream where your running away from an attacker and your going slow motion to their real time. No matter what they catch up. It's like manipulation is the attacker and no matter what NOT puts out they manage to fight it back down again so that we're cycling between 4.00 and 5.50.
I guess the question is can this continue. Will we be cycling when this mine is worth billions and we're still going from 4.00 to 5.50? The reality of the storey is...yes...the likeliness of the story is...NOT...and why???..because we all want to make "big" money.
IMHO the big guys won't let the manipulators run all over this stock for much longer. They want to see revenue increases from quarter to quarter. This quarter is ok, but future ones have to show better results. Of course some of the big guys play the swing trade, short to the hilt and then cover before the next upswing happens. They can do it because they know what's happening where we, the poor retail investors..don't. This is why I like RN. He keeps us in the game with his so to speak "body language". Based on that I expect we will have some nice numbers coming before Christmas. Maybe holes 17, 18 and 19 will put us up higher. No matter this stock price should be sitting at 7 to 8 dollars minimum now. There is no speculation left in the price. There are no multiples built in the price either. We should normally be trading at about 3 to 5 times the core value of the stock. I think that is around 5.00 right now and so we should be at around 15 to 20 dollars. I'm sure Diamond Fields would have been at 20.00 by now back in the 90's before there was so much of this shorting and swing trading happening.
As Crazydik always says....wake me up at 20.00....you can be sure we will be just taking off when we hit 20.00 as well. Do not worry about those trading the stock. Stay long and strong if your nervous. Don't sell in and out or you'll lose both share value and broker fees. Stay the course and take the hits. Its part of speculative investing...heck its part of investing period. I've learned my lesson with RIM. I will not sell NOT. Simple. You can only win by holding.
I still think the price will zoom up before the end of the year. The question is...will it stay up and gain from there...? No one knows until the time comes...but hold as this will keep getting better.
MM