Re: lets get back to some reality ...hoov

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Welcome To The Spider Resources HUB On AGORACOM

First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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yellowknifer

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Re: lets get back to some reality ...hoov

in response to

Re: lets get back to some reality

hoov

posted on May 07, 2009 09:55AM

hi Lar,

i understand your comparison with Probe and appreciate why you may think it stands to reason that SPQ shareprice will react in the same way.

the problem is this: SPQ will not act in the same way as Probe

spider is daytraded more than any other junior on the toronto exchange ...especially during news and the aftermath of news and when ever there is liquidity.

this has been an unfortunate afliction which spq long term investors have had to endure over the last 15 years. ...and it has always been bad for fair value being reflected. ...daytrading has always brought shareprice down to the lowest support level.

if an RS is done to .30 cents ...you can bet your last dollar the shareprice will hit 5 cents out of panic with spq's history of manipulators and daytraders.

the shareprice must be left to evolve on it's own without being superficially tampered with....

probe or FWR are not spq... i only wish we had the same stability in shareprice but for some reason SPQ became a favorite of retail and corporate daytraders many years ago.. when spq/kwg were the main show @ mcfaulds.