GREY:CLLZF - Post by User
Comment by
rehsifylfon Dec 01, 2010 1:11pm
214 Views
Post# 17784317
The more I read...
The more I read...The more I believe that the vast majority of retail investors do not have clue 1 about what they are investing in. They make short term trading profitable for the pros, and long term trading profitable for informed investors.
You have two extreme groups here - the blind bulls that quote things like 600 Million bbls of proven resource, when the proven number is less than 200 Mm bbls of bitumen (not oil) as stated clearly by Connacher themselves. The GLI NPV of the reserves is $2.7 B - but these smart guys quote $6B.
You have extreme bears that state "the price of bitumen is not related to the WTI price". The price differential between WTI and heavy oil varies but it is most definitely tied in the same way that the price of gasoline and diesel fuel is tied to the price of oil. I could ask my 10th grader that question and he would get it right.
In the middle you have other folks questioning whether these people are really that ignorant or if they are just trying to embellish the facts to support their view (bash or pump). Me - I believe they really are that stupid and believe what they spew.
In the meantime, the pros do what they do and I sit and am left to ponder what a soft society we must live in, where complete imbeciles not only have enough money to buy food and shelter, they have enough to "invest" in the stock market like they are buying lottery tickets. Don't get me wrong - I'm glad they are here - because that is where my returns will come from, not from the big money players.
PS - looks like Bladerunner finally sold his last bunch of shares (again) since that 1.11 got taken out. Too bad we won't see him posting anymore.