OTCQB:UEXCF - Post by User
Comment by
st0ckpickeron Oct 15, 2004 4:26pm
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Post# 8054275
RE: Who are the morons selling?
RE: Who are the morons selling?Are they suckers? Most certainly not. Could they be wrong? They could but probably not. Do we all have the same investment timeframes? No. Do we all have the same idea of risk reward and risk aversion? No. For me, buying back in December was a no brainer but a lot of the folks buying now wouldn't have touched it as they would view it as too much risk. But to me there would not seem to be much downside to .29 and tremendous upside. Now I think the risks are a lot more balanced. I cannot repeat this enough, they need great drill results or lots of good drill results to justify this market cap. Does that mean it can't continue to go up? No, the momo crowd can take this as far north as perception allows. Take a look at the speculative frezy that overtook IVN for a good example (I vaguely remember seeing you on that board). Why didn't I trade out in the $2.50's? I did. I have been carving my position down since the first cross of $2.00. I intend to keep a very small core and trade in and out on technical extremes from here. Like I said, the specs who BOT my shares may very well equal the 600-700% profit ($12.00-$17.50) but there is nothing I see that justifies that kind of an increase now. Let the momo run though as the small core I hold will buy me a new car if it reaches those levels.