GREY:MLKKF - Post by User
Post by
Doggimon Aug 21, 2009 12:24am
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Post# 16236759
New here? Not likely.
New here? Not likely.I bought my first Mercator shares back on Jan. 30th, 2006 at $1.39..........and "yes" I made a tidy sum from selling them at an average of about $8.00
And now I am back for the second run-up!!!
However, IMHO the market today is much different than back then. The gains will be slower as most investors are not buying on emotion and hype but are looking at the bottom line and the ability for a company to sustain itself in a volatile commodity market.
And although you are correct in saying that a large acquisition by a hedge fund would push this stock into the $3.00 range.......I doubt that will happen until the debt issue has been resolved.....and from my discussions with Marc this will not occur until mid to late Sept.
Lastly, although I appreciate your exuberance and confidence with ML, one must stay mindful that the market is fickle and without logic. So although you may predict this stock to be >$3.00 by the end of Sept. I am well within the logic of the stock market to say that it could dip to $2.15 in that same time period. If you don't think this could happen please take a look at the 3 month chart specifically mid-June when it was > $2.00 and almost everyone was singing praises for ML, only to find itself slightly above $1.00 one month later.
I guess the point I am making is there are optimists, pessimists and realists....and I try to dwell in the latter category.
GLTA