A Tale of the marketThis whole thing reminds me of a junior oil company I once bought into. I spoke with the CEO on a Thursday because I heard the company was having trouble with a certain field that was providing most of its revenue. Of course he denied it and that Monday a NR was posted telling us all about the problem's they encountered with the field. I was lied to as he couldn't tell me something he was about to let out in a NR, and was mad as hell when the news came.
Well everyone went nuts and the SP dropped from just over $1 to around $.35 in a matter of days, I sold late loosing a good chunck of change. What everyone dismissed, including myself was the fact the company owned certain land assets that contained tar sands. And all the while this CEO was trying to tell us the value of this land.
For the heck of it I looked the company up a couple months ago and they where trading at over $5 a share!! It seems a certain Chinese company was interested in those tar sands assets!
Moral of the story, if your in the market you just don't know until you know! Sometimes you make your move too late and sometimes you make your move too early. Most analyst's will tell us that if you try and time the market you'll loose. That has certainly been my experience.
Sirit has position, product and increasing revenue in its core business, we will have to wait and see how the new line pans out.
Let's not forget the core business's are improving and have potential.
John