RE:My optimism continues with a 5 cent close and strong MD goodspec. compared to the carnage of the share price we've seen over the last month, this is looking a bit better - but it's only looking good in the portfolios of those who got tons of cheap stock at 4 cents and under, and definitely for the investor who got gobs of stock at 3 cents. the recent, albeit tiny, move up in share price me thinks is due largely in part to the fact tax loss selling is finished. the pinetree fears have subsided i guess. but it's not just pinetree i'm concerned about.
the reality is, and i've said this before - there is wayyyy too much cheap stock out there in this company and there are certain individuals i'm quite sure who don't care about the share price because it's in their best interests to get the stock cheap and they can sell lots for an easy double at 6 cents.
remember this thing hit 14 cents on july 25th but only 750,000 shares traded. it was immediately sold off from the high and within 5 trading days was at 7 cents and shortly after hit a low of 5.5 cents. then it hit 12 cents on october 7 (102,000 shares) and october 9 (348,000 shares) - even lower volumes and again immediately sold off and hit 4.5 cents within 4 trading days. what does that tell you?
then it was showing weakness and ultimately the drop of doom to 2.5 cents which was the majority of pinetree's selling i believe. it's obvious, on news days when the share price spiked, it was a selling opportunity as the price was punished immediately. too much cheap stock out there. but like anything, anyone who bought at 8 cents or higher has been eating it. this is the dumb money or the bag holders as is often referred to. i unfortunately am labelled in this group this time. this doesn't happen too often to me. i expected the kind of news that would propel us to .20 cents or so. but i should have been looking at the real picture. the chart. in comparison, ccb is obviously way ahead of sjl in their exploration program. before ccb blasted off, they released news on august 20 that flotation test achieves 99.1% CG at miller. but the share price only ran from 13 cents to 18 cents and then pulled right back over the next few days. then on august 30 it started it's run up.
on october 15, sjl (at the time tcr) released news of "testing returns of 99.1% C. so both very similar but totally different behaviour in share price. we do have to remember though that ccb's share price was much higher than sjl's/tcr's to begin with. so this does play an important part as well.
the lack of data due to being behind ccb in the exploration stage has to be factored in too. from april 30th until now, sjl/tcr released 51 news releases. ccb released 54 news releases. out of those, 23 of ccb's news releases were to do with properties information. only 9 of sjl's news releases were to do with property information. that will make a huge difference right there. 24 of sjl's news releases had to do with financings and shares for debt etc. and unfortunately at the 3 cent mark. so yea, it's gonna take some major news to get this one going.
maybe the recent run ups in mason graphite and focus graphite in the last week will help kick start another bull run in the junior graphite exploration sector. i guess we'll see. it's obvious that sjl isn't a leader in the industry. not at this point. so that remains to be seen. anyhow, it doesn't matter what i think or even how much time i waste gathering info and posting on this board. i have no idea what's happening without updates, and the powers that be and those with the cash will do what they want to do. it's definitely time for some property data...there's been more than enough news on cheap financings and more share dilution. jmho