Re: Sometimes I wonder? - For the newbies: For Vermillion
in response to
by
posted on
May 31, 2010 08:36AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
"I think the market has artificially priced the stock at what it wants the stock price to be. Not what it thinks the stock should be" ??
What makes you think that the stock market thinks? It is what it is. It is irrational at best, both to the up and downside.
There is a general aversion to exploration stocks now and other spec plays due to fears of another economic crisis in Europe,slowing growth in China and/or a possible war in Korea and the rising disaster in the Gulf of Mexico.
NOT, while it shows great potential, it is still only potential and loses money every month with no potential income for years. Another PP is just a matter of time with more dilution if we are not bought out before that.
I do not believe in Manipulation on a large scale. Day to day ,yes, but not over an extended period of time. If 1 brokerage tries to push the price down,another brokerage that sees the potential that you pointed out above will step in to buy.For every seller there is a buyer.Only shorters can make money in a falling stock. I don't think that insiders are responsible for pushing the price down!!
Investors want the price up!! Only possible aquisitors want the price lower.
Vermillion, I have read previous posts of yours and have always thought you were both wise and the voice of reason when posts were becoming erratic.
For the record, I have not rated any poster on the board including you Rico