Re: Pa....Thetic
in response to
by
posted on
Apr 08, 2011 11:36AM
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)
From Sudbury,
There are many examples of pathetic in life. RIM was another such "pathetic" example. I'm still trying to figure out why the stock would trade at almost double the value in 1997 compared to 1998. The volume was weird too. I mean the device was invented, developed, tested, before Jan. 1999.
Here's what's weird. You buy the stock in 1997 you pay 1.53. You see huge volume. You get excited. Analysts, contractors, saw, touched, played with and salivated over this product before it hit the stores in Jan. 1999. So, why did the stock perform so poorly in Oct.1998. I mean we're looking at a mere 11 weeks before this product is in the stores.
Why wouldn't these brokerage houses be all over this stock with a 50% haircut based on the previous year. I am sure presentations were done. I am sure many (me included), knew of this opportunity at 83 cents and yet...the price...the volume. Had we had the message boards like we have today the 83 cents probably could have been much lower.
BlackBerry is developed and manufactured by Research In Motion (RIM), and was launched in North America in January 1999.
Take a look at the prices below. Look at the volume Oct. 26, 1998.
A mere 36,600 were interested in paying 83 cents yet 34,776,600 were interested in paying 1.35-1.57 one year before.
What is the explanation?
Management not promoting hard enough? Stock Manipulated?Or perhaps... ...many investors prefer to ....buy high- sell low. Shouldn't the price have been higher as RIM got closer to market. Why no buying frenzy in the last quarter of 1998? Why the low volume?
Pathetic.
Shouldn't our price be higher the closer we get to market? Shouldn't our price be higher after we most recently doubled the resource? With the share price hair cuts we've had shouldn't the volume be higher at the attractive price before you? What do you suppose the institutional ownership of RIM was in Oct. 1998? Rim hit $13.00 in 1999. Makes no sense ..does it? Why oh why didn't more people see the opportunity in RIM when it was presented. Suds, many see the opportunity here. WE see the deposits growing. The political excitement. The ROF will pull CANADA out of the recession as one political leader stated. So much excitement in the ROF.
The current volume and the share price does not reflect any of this excitement ...yet. Thankfully, we have history to turn to in times of mental turmoil like this. There is the RIM history. There is the Aurelian Resources (ARU) history. Where, only the ASTUTE saw the value. I see the value and that is why I am invested.
Date open high low close volume
1997-10-21 | 1.530 | 1.570 | 1.350 | 1.530 | 34,776,600 |
1998-10-28 | 0.833 | 0.850 | 0.833 | 0.833 | 826,200 |
1998-10-27 | 0.842 | 0.850 | 0.833 | 0.842 | 185,400 |
1998-10-26 | 0.867 | 0.875 | 0.833 | 0.867 | 36,600 |
1998-10-23 | 0.833 | 0.833 | 0.817 | 0.833 | 73,200 |
1998-10-22 | 0.833 | 0.850 | 0.817 | 0.833 | 327,600 |
1998-10-21 | 0.833 | 0.850 | 0.833 | 0.833 | 286,800 |
1998-10-20 | 0.867 | 0.875 | 0.850 | 0.867 | 484,200 |
1998-10-19 | 0.850 | 0.875 | 0.850 | 0.850 | 102,600 |
1998-10-16 | 0.867 | 0.900 | 0.867 | 0.867 | 58,200 |
1998-10-15 | 0.883 | 0.892 | 0.833 | 0.883 | 795,000 |
1998-10-14 | 0.833 | 0.842 | 0.833 | 0.833 | 132,600 |
1998-10-13 | 0.833 | 0.858 | 0.833 | 0.833 | 357,600 |
1998-10-09 | 0.850 | 0.867 | 0.833 | 0.850 | 365,400 |
1998-10-08 | 0.833 | 0.917 | 0.833 | 0.833 | 280,200 |
1998-10-07 | 0.883 | 0.917 | 0.883 | 0.883 | 515,400 |
1998-10-06 | 0.917 | 0.958 | 0.867 | 0.917 | 481,200 |
1998-10-05 | 0.967 | 1.000 | 0.958 | 0.967 | 237,000 |
1998-10-02 | 0.983 | 0.983 | 0.967 | 0.983 | 79,200 |