RE: RE: RE: RE: RE: RE: RE: Canaccord"Toot -- to give one example -- I think a lot of us were wondering about your almost casual suggestion that RM might drop a lot lower from its present range of 28-31, if the Canaccord manipulation continues. How likely is it, in your view, that RM will experience such a collapse? A very remote possibility? Are other lithium stocks subject to the same manipulation?
Also, I was very interested to see your Stockhouse portfolio. Are the numbers of shares posted for each company the actual numbers of shares you own per company? For Rodinia, e.g., that would mean you own 2000 shares, which suggests that you've just started accumulating. Do you have more bids in, and if so, what is your hoped-for entry price?
Cheers,
Yasch "
I have closed my position which I disclosed to wildman2 in an inbox I sent him.. I bought 10 k at .31 cents last week and soon after what appeared to be an iceberg, showed up on the ask. I had prematurely moved in on what I thought was a level II pop brewing... as I watched, it became apparent by my own instincts, I had jumped the gun by not confirming the live action with a chart. To my dismay when I went to my studies, the charts said there wasn't even a bit of positive diversion in view, and with the chart... not ... confirming my level II observations, I got to second guessing myself. Upon re-evaluation, the level II it was now a swing to selling... and as I watched over the next 2 days I could not catch a glimpse of the buying I seen at the time of purchase. I sold at .29 cents for a small loss. It is my intent to post my buy when I come to that point.
I then went to the board (kicking myself for being so cocky11) for some needed due diligence and found reference to an incomplete financing being handled by Canaccord. I wasn't impressed, but on that note I have said all I'm going to say... i couldn't improve my opinion any more clearly than I already have.
On the other hand there was a lot of intelligent life here so I posted.
As for it dropping to .10 cents, I truly have no information or idea what the pivot point will be until I have some hind site. It was merely a comparison to the plight of URC and the resulting exposure to Canaccord. In the same breath I have seen such related financings pivot at higher prices... I also have seen lower pricing emerge at times on other related + non related issues, so you will find me relying on my real time skills rather than predicting. My own personal slant is I will be looking for some positive diversion, and will likely only be able to time an entry on some kind of support after the breakout. It was and still is a casual comment, and no way predicts the price... by my crystal ball.
It all comes down to watching the charts, and looking for diversion unless a super news release pops the turn on little notice as a breakout without diversion.
I also harbor a belief that Canaccord manipulates with the intent of bottoming the price for the biggest rise that they can step up... my casual reference to .10 cents stands but is not written in stone by any means. However, depending on the ambient news pipeline and money in the bank and share float concerns etc. I reserve to be loose as to how low the price could go... I can say honestly it could have found a floor at these prices, and eventually will move from .28 cents. i just cant see any indication of supportive trading in the chart like a double bottom, or what have you.
So there is a silver lining.
I have a certain stomping grounds that i research and in that area RM is the only Lithium play that I have bothered to watch more than others... except I'm keeping CXX.TO in my perifial vision, but not counting on much as they have been played to death. if i had nothing to play i would consider taking a chance on a pop or it is possible their NI 43 - 101 uranium may spark some interest .... can't answer the question. If i haven't run across it in my my travels and the pipeline wasn't being pumped i don't look far.
I have just recently revamped my personal watch lists and one of the aspects of adding a stock to the Stockhouse portfolio (which is new to me) requires you enter a number of shares, and to that end it would not be wise thing NOT to estimate my holdings on that information as I so far have not had enough experience with this particular style of portfolio... to work around the requirement... i just put the watch list last week, think of the watch list as generally a result of what appears to be fairly safe considerations , but don't make the mistake of not checking the things on a stock you see in the list and applying your own evaluation.. i do like to play on the wild side and as such you may find a couple of lottery plays in the list.
You asked if i was bidding for more ... the answer is no ... not at this time... RM is the only serious lithium play i'm considering at the time though because if i recall correctly it is peter Grandich client..
I only mention my holdings to demonstrate the watch list for what it is.
My holdings are:
CUM
GPR
DML