OTCPK:MGMXD - Post by User
Comment by
graffiti99on Aug 22, 2017 9:00pm
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Post# 26610407
RE:Emotions drive share prices
RE:Emotions drive share pricesmaterialsgirl wrote: Risk on Risk off chatter is about investor sentiment and emotions.
In spite of this, rational hard core logic tends to prevail over time; mining companies, drug companies, oil and gas, fashion retailers, everything.
Companies tend to spew out good news for a while and then this type of news fades and bad news takes over.
AXY is different. It never tried to fool us with good news. For 30 Quarters in a row, we got mostly horrible news each time with one or two mediocre Quarters. Consistency has been a hallmark of AXY. Yes, the consistency has been horrible BUT consistent nonetheless.
AXY has broadcast lots of good news but only in press releases and only about the future. All the good news, financially speaking, were simply made-up tales.
Yet, like a dying patient with terminal cancer, many AXY shareholders, are optimistic about a cure.
I do not expect a cure anytime soon. And over the past 5 years, AXY has delivered in line with my expectations. I could detect as far back as 5 years ago a disdain for the needs of shareholders.
A big problem is that the founder should be turfed out due to bad performance. Almost everyone would agree. He is a rich man and not an evil man but he has lots of money and AXY is more like a hobby for him. He is not hungry.
Yet, nobody will initiate a scheme to dethrone him. Pity. Or as Trump might end a twitter comment;
SAD!
Gentlemen. Good news is not on the horizon. It may come in 3 to 6 years. Maybe. But not anytime soon unless Mr. Beaty is turfed.
mat
Hi Mat, I enjoy your posts, they're informative and I gain some perspective with almost each one. You seem intelligent, logical, but I'm curious. If AXY has done nothing but disappoint you for this long, why do you continue to hold? Surely if you feel this way, so completely you should raise anchor and deploy capital elsewhere. But you continue to contribute to the board. What's the reason that you have hung on so long?