End of JoeAs you all know by now I am developing an investment strategy to get into a company at the same time that Joe/Mineralfelds/Consolidated exits a company.
I believe that Joe is done here, or very very close to done.
I have executed this strategy through conversation with the CEO at Plato Gold. PGC sold its final shares of Mineralfields on Tuesday, the final million of 21 million shares that subsequently destroyed the share price just like at CDO.
PGC, on the first day of no Joe, went up 25% on high volume.
Plato is my first company that I have executed this strategy and I am thrilled with Day 1, obviously, to move up 25% on a terrible day for the TSX and Venture.
CDO will be my second company that I emply this strategy of coming in behind the final sales of Mineralfields.
There are many more companies too that continue to go lower and lower beyond anyone's wildest nightmares, but they will go lower with Joe selling into the bid, even if they are 50 to 100% lower than anyone imagined. When the sales at these companies are finished, and Mineralfields leaves the stock, they too will go up.
I believe that I am on to something here. I hope you will join and follow me.