GREY:WFEMF - Post by User
Post by
mercurysmithon Feb 08, 2012 12:00pm
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Post# 19504657
Small Dips - No Worries
Small Dips - No Worries An earlier board discussion centred around whether there would be a gradual increase in s/p leading up to the March news or whether price would not make much change until late March. That is an interesting question. I posted I was in the latter camp. Penny stock so often needs big news to make significant movement. Then s/p, with no news, shot up from .21 to as high as .27 all in two days! Now it has crept back down with a minor dip, but still way over the .20 and .21 where it was hung up before. My take on all of this? I am not just looking for an increase from .21 to .27 - that is chump change. It is not unrealistic to see a jump from .21 to .60 before early April. I see any s/p in the 20's as still being no significant gradual movement so as not to get too excited when it goes up a few pennies, or as is the case the past two days, goes down a few pennies. I think it will remain in the 20's until the big breaking news in March and then it will explode with all the news. Why? Because there is a night and day difference between owning raw land where one dreams of having a house and actually having a house under construction with all the financing in place. Which of those two houses would you place a higher value on? I keep saying we should just fasten our seatbelts and enjoy the ride. I don't understand some who panic that the ride is over before it even starts (those who are willing to sell in the 20's). The supply (Tungsten) is there and the demand is there and given it is an existing mine site, we have this relatively cheap 135 million price to get it operational. It is projected to earn way more than that amount in the first year of operation and it has a 40 year life. I really do believe in Wof so I am not distracted by all the side chatter. Like looking at the panoramic view of the forrest as opposed to focusing on one tree. My question is this -- what motivates someone to sell WOF in the .20's? I have a difficult time answering that question. I know some think that selling their birthright for a bowl of porrage is a good move. Just my two cents worth of thoughts.