GREY:PTQMF - Post by User
Comment by
riverrowon Apr 21, 2011 8:36am
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Post# 18467627
Market awarenes
Market awarenesI used to own a little stock, CUX, that would tell anyone that would listen that they would one day produce 10,000 boepd. Nobody listened. The stock traded as low as 40 cents. Of course in a few short years it produced well over 10,000 boepd, the share price traded as high as $20. Where was the market awareness when CUX traded at 40 cents? More recently CMK is another fine example of market awareness. In 2009 it sold for 25 cents a share even though everbody knew it had a 355 million ton met coal property they were putting into production. Everbody should have been aware of this. CMK is now in production and is trading at over $3 a share. If the market was always aware there would be no chance for us little investors to make a good profit. Thank goodness the market is not always aware.