Won't patience pay off?Sorry if this is a ridiculous question but hear me out.
I get it... Joe has 11 M shares and is hell bent on keeping it between the 32-38 range.
Seems everyone agrees that there is all sorts of money to be made in the ground so eventually the value must rise. No?
It is infuriating if you are banking on this money to be actively rising on the recent NRs. I too hate to see good news wasted.
Still, I don't understand why Joe or any MM would want to keep the price down forever. Won't it just make sense for him to one day let it run if it has legs to run on.
Is it just a matter of him trying to break the spirit of the retail investor and have them throw their teddy bear in the corner and say "fine...take my damn shares".
Is that the issue?
If it isn't the issue and I am missing something, enlighten me.
I know dead money makes me mad too when other stocks are flying.
But I am not a day trader.
I bought a big pile of this EFG about 3 months ago and I am a touch in the red but I don't need this money right now. It is pretty much frozen and that is fine, i suppose.
One day it will thaw.
If I needed the money to grow so I could flip and flip and flip. Then it would be a different story.
As a long investor, I see opportunity cost as my only cost. This is more of a savings account than an investment right now but the spring continues to coil beneath the share price and one day it will go.
Set me straight if I am full of sh#T here.