PINL:VLTAF - Post by User
Comment by
VentureTrader1on Apr 11, 2012 2:19pm
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Post# 19781614
RE: RE: Gulp....
RE: RE: Gulp.... '...indicates that something likely went wrong behind the scenes.' Right, and the big institutional holders, half of whom also appear to be market makers for this stock, are just working the price lower on low volume so when it's time to dump their big multi-million share positions they'll get bottom dollar for them. Because that's how these things always work, yes.
Market for gold stocks sucks right now - but it's an 'anti-mania'. It's as irrational on the downside as the crazy micro-cap coal frenzy was on the upside in June 2008, or the 'nickel stock mini mania' was back in Spring of 2006 (or was it 2007?) Once the crowd gets worked up, you can convince it of pretty much anything - like 'pasture land in Saskatchewan that MAYBE has some low-grade thermal coal is going to be worth a FORTUNE' or 'NetFlix will NEVER go down', or 'There's no value in gold explorers - that's why they're over-valued at $25/oz in the ground, even though gold is at $1600 and rising - because of the political risk, or production cost or because the sun's behind the clouds, or because blah blah blah blah blah'.