RE: RE: Sales followAll I can say about that is AWESOME.
5 million sold into strong hands and the stock is holding in during a tough market time.
Great.
Hopefully, Joe keeps going, the support stays there, and the market turns.
As far as the market turning, the Venture is in a bear market. A 20% correction from 2465 to 2035 - 430 points high to low.
Hard to frickin believe to be honest with you considering gold and silver's and energy's prices and the printing of currency all around the world. Heck, all the commodoties and rare earths too are strong, and don't forget the big reversal of copper on Thursday.
Add to that, that Japan has to rebuild and China has slowed down from gdp growth of 9 percent instead of 11. And the Venture is off a stunning 20%.
Yet, the S & P is down 3 percent off its highs and the USA has a housing crisis, a debt crisis, a fiat currency crisis, an unemployment crisis, an inflation problem, umm, I could go on longer.
Some things in the world that I don't flat out get and Venture down 20% and the S and P down 3% my friends is definately one of them.
The gold to gold miners ratio is as favourable for gold miner investment as it has ever been - that is how oversold we are across the commodity company spectrum, but if Monday is like last week, then I don't see any buyers. There is a complete and total lack of buyers in the CDN stock market and the price gets sold on almost no volume these days.
Anyway, I digress.... awesome that 5 million of Joe's shares are in better hands now.