RE: RE: RE: RE: PatentsAnd while Nortel was solvent, it was trading at $125.00 per share when the book value was .25 per share.
...My point being...Nortel was worth squat and traded at $125.00 per share...investors bought into the hype and the perceived prospects and potential...hmmm, sounds like just about every stock out there.
Remember the tech boom?! What was the average P/E?? ... should have been between 10 to 15....most were 150 to 200 and more.
So...what IS my point? The stock market is gambling. How the market (investors, analysts, advisors) look at any particular stock is anyones guess. Greed is good and if enough people think that this stock has a good chance to go to phase 3 or that a pharm might want to buy into it or just buy it out, then the wheels start turning and the price and volumes start churning once again.
Traders see the charts shaping up and couldn't give a shat about what you or anyone thinks for that matter. Look at the chart. Is it sitting at a bottom or top? Then either buy it or short it and see what the market does.
Analysts are wrong most of the time, so whatever a little puke like you or me say about any such stock means diddly squat.
Do you actually believe that what you say on this board has any effect whatsoever as to the direction this stock will take?
You have trashed this thing since you got on and it has gone from .045 to .09...anyone listening to you just lost 100%
What do the charts say? So far they have said you are full of shat and have proven to be right.
So tradersteve...what is your point. Have you contributed to this board to make people more aware of why they are hear? Do you have a crystal ball that tells the future?
You proclaim so much knowledge. Why not be helpful and tell this board 3 tsx plays you feel will equal the returns of 100% in one month that this stock just did. I will even get the board a complete technical analysis on your three picks and lets see where they end up.
List them now and lets see where they are August 26th. If they beat our 100% return here, I will be the first to give the kudos.
Mediascan