Stock Price Drift is Normal at this StageThe stock price drift is normal at this stage of the company. Those that appreciate the company's potential have already established their full position and, like me, are probably trying to squeeze out a little bit more buying on these dips. As such, with limited buying and likely selling by those who have become tired of waiting for the story to come to fruition, we drift lower. This message is for those who are getting tired of waiting.
Only a couple of times in life have I come across a stock whose fundamentals are a screaming buy and yet the stock price goes nowhere for seemingly infinity. Well, that is, until I sold and then they both appreciated many orders of magnitude. It won’t happen again here. You seasoned investors don’t need to hear this but the new guy who is where I was does.
You need to keep reviewing the fundamentals when you feel like selling. A good start would be Tibutch’s succinct summary from his Feb. 16 @ 7:57 am post titled “With the anticipation…”.
Almost without exception, the 5–10 baggers are found in the purely speculative stocks such as junior minors and biotech. This will be the exception and without the speculation. As LaBomba says, “hold tight”.
Thanks David, Tibutch, et al for the good board.
Greg
P.S. You may even have to wait the rest of this year before this stock shows its potential but it will be well worth the wait. Have a good weekend.