Metanor Resources MEAOD

Quixotica

[wildman2]

I am sorry if I have not been sensitive enough to the pain you are going through as a shareholder of 1.3 million. That is a significant position and I would feel trepidation too, if I were to have seen this type of deficit in my holdings.

Actually, I have.  It hurt badly and I lost a lot, so all of us here at one time I am sure have felt your pain.

I sympathise.

I hope you get a chance to talk to someone at MTO.  I did not go through Regina. If you call outside of office hours, you get an answering machine that lists all the locals of the company members:  their private lines.

Then call their private lines and I hope for your sake that you get an answer.

You seem earnest.  Frightened, frustrated, but earnest.  Who could blame you for the first two?  Not me.

I believe too that you were the one who hinted that I was arrogant and had bravado.  I never responded to that.   I will now.  The stock market is not an exact science, but it is a science.  It is in many cases the pattern of human behaviour surrounded by the fundamentals of companies.

So making money in it is in essence playing the percentages.  I don't know for sure if the stock price won't go lower.  Of course, I can not know that. How will people react to this price now?  They could dig in and buy, or they could panic and move out.  Who can say for sure?

However, when you play the percentages, those numbers tell you that if a stock breaks support it can fall by 25 percent, and buy on an RSI of 30 or under, and the fear may cause a double bottom and a false breakout.

So far the percentages have held.  The things that chartists teach have held.  Can I predict the future?  No.  Can I play the percentages? Yes. 

And as an investor/trader, that is what I do.  Some percentages played don't hold.  A huge number of percentages played do behave as planned.  So far the price action is behaving as planned after a major break of support.

I know you are afraid, but ask yourself is bashing something publicly that you actually have 1.3 million shares of is the right course of action for your money. 

Maybe just keep looking at the chart in mid summer when this company was also at 27 on the RSI and went from .40 cents to over 70 cents in two-three weeks and believe that that history can repeat.