OTCPK:MAUXF - Post by User
Post by
dr_airtimeon Mar 22, 2013 1:23pm
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Post# 21263232
Mart vs. Brent vs. Past Selloffs
Mart vs. Brent vs. Past Selloffs
What we have is a case of new buyers from last 3 months getting their first introduction to Mart's volatility and having a mini-panic IMO. We are still a venture company until later this year and you can't ignore the ups and downs in our share price as you look back. The last week and today are nothing compared to our capitulations below $1.50 in November and $1.30 in August. Those capitulations were pretty good buying opportunities in hindsight, but today's price action is nothing compared to those selloffs.
We were all getting a little excited when Oullins announced the emergency $3.00 contest when we were breaking $2.20 and it is likely that the buyers subsided after the ex-div date so we are just blowing off steam.
Look at Brent oil chart and you will see we are mirroring the price action there. We basically peaked near $2.30 in mid Feb alongside Brent at $118 and have both been tracking down ever since. This is not surprising as I bet if you stripped out the Risked-NAV component of CorMART's $2.50 target we would around $2.20-$2.30 so we would of been fully valued based on current conditions at this level so it is only rational that Mart would actually track Brent down. This is a short term phenomenon IMO as Mart's long term chart is anything buy correlated to Brent.
Would be nice if we are still in $1.80's when April 11th rolls around )