OTCPK:MEAOD - Post by User
Comment by
joe_trouton Dec 17, 2010 5:17pm
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Post# 17864253
RE: RE: RE: PRICE,VALUE AND BLUE SKY
RE: RE: RE: PRICE,VALUE AND BLUE SKYJonathon Lebed is a nobody. His pump jobs don't last very long on the stock price. I owned RVM at 0.3 (pre split) and Jonathon Lebed pumped it and it went to 0.45 but then it subsequently dropped to 0.25. So he has no lasting affect on a stock. RVM is now 0.9 (pre split price) and it has nothing to do with him. Same goes for SLX. The price has nothing to do with him. It's going up on its own fundamentals.
I actually bought GGC for 0.26 and that turned into SLX for a bases of about 0.24. It was easy for me to see that shareholders were throwing away shares for no good reason. GGC got past all of its major problems yet shareholders were indiscriminately throwing the shares away even when silver was on a rising trend. Their loss, my gain.
MTO seems to share similar characteristics. People selling away indiscriminately and it feeds off of itself. Selling begets more selling and it has nothing to do with the underlying fundamentals. I have a bunch of MTO at 0.45 and I am waiting for 0.25-0.30 to buy a chunk more if it wants to go there. I have a long time horizon, so I can wait for the fundamentals to take over eventually.