RE: On the bright side...Eagle
Well I know several longs who are accumulating at these levels. The culmination of that activity would be a confirmation that would possibly manifest itself by Norbert dipping in for another 100,000 shares during this seasonal fluctuation.
Let's not kid ourselves, Sirit stopped trading on its own merit quite a few trading days ago. Small tech is being driven down big time by the current overall market trend. What most of us seem to expect is that Sirit will start to trade on its own merit and potential early in the new year. At least that what seems to be Norbert's subliminal message over the past two conference calls....
On an off topic subject..one "Gold" stock I hold a very minor postion in today has a book value of 62 cents US and a recent trade price of mid 80 Cdn cent range. It is profitable, has loads of uncommitted cash, however because it is in Bolivia and more than 50% of it shares are held in the hands of one company it goes no where. This Gold stock has a PE of 3.8. Unheard of numbers from a gold producing junior. So what? From one perspective it's way under valued but from another it's only worth what investors are willing to pay for it.
It all goes to show you that it does not matter how good your numbers are if the market does not buy in the current situation surrounding an investment.
So hang tough on Sirit one never knows what the next curve in the road might bring. On the other hand if you don't like the pressure bail out but you might want to wait until January to do so.