RE: RE: comparable?Listen, I get the spelling mistake and I get the Eric hire and I get the fact that CCE has done a better job of promoting and I get that the BNT not closing is a bummer.
All these are side issues gentlemen. They are not wonderful moments, but they are side issues that would not even be worth your typing if the basic issue were not the same as it always is.
You are frustrated that the stock price is where it is, but it is where it is for the same reason that it always goes lower.
Did it go unnoticed that Anonymous had a refreshing ask in at .24 today? The stock opened at .245 and had momentum and then Anonymous (JOE) was the first to sell on the bid.
In stock trading that is the end. Right there, train stopped in its tracks. Daytraders and investors alike are not looking to buy stocks that are selling into the bid. It is as simple as that. They in the first half hour are looking for stocks that people are taking out the ask. That's how you make money. You buy stocks where the ask is getting cleared out.
So Joe comes in at .24 on the bid to destroy early momentum and then the fight begins to break through .24, and he is there to refresh the ask all day long. Look at the trades today in order. Every .24 on the ask is his. People were ready to pay up, but they saw that Anonymous had more and more and more to sell. The frustration selling on the .235 was people giving up lower because there is an easier battle to win at another stock then beating Joe here.
It is the same thing every f"in day.
So yeah, I agree, the little things are not good and the co. CEO has been sloppy. Everyday investors are trying to overlook that to buy the resources, but Joe is waiting to sell into the bid or refresh the ask.
Nothing is going to change here until he changes his behaviour. So you can get angry and sad and frustrated about all the shiiiit, but the bottom line, and I haven't said it for a month here, is the bottom line and that is Joe is selling at any price.
When he bought at .40 on the PP, we all hoped that was the amount he would not sell below. Well, now he has shown us that he is okay with .24, and our job remains the same, get out if you can't take it, or remain patient until he sells at a better price.
Look, we had a mini crash two weeks ago and the venture was down 17 percent. That's a bear market in two weeks. Huge sell off. Everything basically has recovered to some degree at this point, a lot of stocks have recovered fully.
But not stocks with Joe selling pressure. No recovery at all. You simply can not beat Joe. You can't. I say this all to you today because his control of the stock was just so obvious today.
Listen, I hate it. I am pis*ed off, but I don't need the money right now, so I have to stay patient and wait for Joe to change to start selling higher hoping he reaches a quota at this level.
I'm not saying that is what you should do remain patient. You could sell here and play somewhere else. Krazy thinks a rally is coming soon.
Krazy has been right all the time with this stock. I wish I would have been as smart as he has been.
Anyway, good luck people. My heart goes out to you who have done so much good homework on the resources and have it mean so little.