Stock Price Basing (Suppression?) History When you look back 10 years you see a pattern of prolonged basing - or, perhaps, stock price suppression - proceeded by strong breakouts:
Aug. 2003:
.72* to Nov. 2003: $2.40
Sept. 2005:
.81 to Dec. 2005: $2.47
Dec.2009:
.65** to Nov. 2010: $4.16
* - based on closing prices
** - this level largely due to market crash - actual basing was around $1.50
Note: there are a number of smaller breakouts of around 50%
What we see is after periods of several months to 2 years the stock breaks out to about 300% gains in just a matter of months.
We appear to be setting up for the same pattern and are several months in. Although, we may have another 3- 6 months of basing to go, the strong fundamenatals - financial position, expanding operation, and upward gold trend - suggest after this time we should at least double and I anticipate triple before (next) year's end.
On another matter, the only time not to put a resident basher on ignore is when they show signs of semi-intelligence (i.e. capabable of twisting actual company data and facts to put on a negative spin). It then requires redress from senior posters to refute the false info for the sake of newbies. However, with our present basher there is no reason for concern. In fact, you incite them further by answering them. When enough people ignore them they simply fade away.
A little more patience will be needed. Still accumulating shares in here.
Greg