Re: Predicting price levels
in response to
by
posted on
Sep 12, 2013 07:42PM
All probe longs, including myself and Rosehill, remember the string of NR's over the past few years that were met with massive naked short selling that depressed the price of the stock. My two cents is that it has been a sector-wide manipulation event that ultimately will lead to a ton of cash-strapped companies going belly up. What encourages me about Probe is that they have pulled through this by doing a little more than just holding up. The naked shorting we experienced was done at a time when Probe was still very speculative. Much of that risk has been deleveraged and much of the resource has yet to be established. It's disheartening to know what we have and watch it get battered anyway. I remain very hopeful that Probe will eventually find itself in the unique position of being on a very short list of takeover candidates, at a minimum. Given that Dave is holding his cards so close to his vest, it also remains a possibility that Probe is waiting to deliver news too great to be suppressed. If he can close out the land deal and then start releasing postitive assay results of the unexplored territory (a real possibility according to Kaiser), then the sky will be the limit. The gold is in the ground. Make it your mantra and stay strong. Before it felt like flat out manipulation. Now it feels like the big boys are just trying to push stupid retailers out of their shares with fear. I'm not getting out unless a fundamental reason pushes me out. Can anyone point to a single fundamental reason to sell their shares? If not, the stock is extremely undervalued and the real money is yet to be made. It may not look like a fair market, because right now it isn't, but eventually it will have to become one. Patience will be rewarded on this one. I can still feel it in my bones.