Post by
160k on Jul 10, 2009 3:59pm
Mood of the Marketplace:
It still comes down to a tremendous amount of risk aversion and fear when it comes to anything that isn't showing solid bottom-line and dividend growth. This 41% move by the TSX since March 2009 really involved the best of the best of Canadian equities especially the financials; the lifecos; the money and wealth management cos; as well as the fully integrated full cycle energy issues. Fear, and some panic have re-entered the equation again, and we will have to wait until there is more hard-core data produced to convince the skittish investor that Canada really is coming out of the recession and is in fact, doing better than any other G7/8/20 member. Our financial system, the bedrock of any economy, is solid, strong, well-capitalized and highly regulated and it should be on the road to recovery right now, not retreating along with the other sectors of the market which have only moved up on the wave of excitement, rather than on some basic fundamentals. Our media, worldwide, is also contributing to the risk aversion as novice investors weigh their every investment decision on all of the mythology, speculation, fear-mongering and dooms-day scenarios constantly bombarding the air-wave by every so-called analyst and specialist on this earth. In the meantime, seasoned investors, have been quietly buying up the bargains and over the next decade, they will reap huge winfalls because of their patience and persistence and common sense.
The reality is ...is that ATQ is a penny stock listed on a major world stock exchange. It is a stock caught up in the shock-waves of the worst market crash and financial fiasco since the 30's. So how would you expect the average investor to perceive ATQ right now, in spite of its recent, current and likely future advancements? It would probably be doing better on the Venture board because at least that way, investors would clearly understand that it is only a .10cent stock and not a .10cent stock that should be a $1.00 stock. I hope I have made some sense in what I have said. The breakthrough for ATQ has to come sooner than later now that we know that it is likely to to be around for a very long time to come. And, I would never bet against the Israeli's when it comes to their ability to survive, to adapt and to overcome...this sounds like the marine academy somehow.