Connacher Oil & Gas Ltd CLLZF

RE:Very Close to 5 cents

[olderswan]

It will clearly show that sentiment, rumours, speculation, hope are not sound indicators for basing an investment decision upon.  And in a way, a bit of a shot at those naysayers who constantly berated the person who developed this system and used it to illustrate that despite what management was saying, which was all positive (in those days headed down from $6.00), the market was saying something differrent.  He finally packed it in, tired of the hassles, emails, and so on he was receiving and he was correct.  I posted the breaks heading down to $1.00 and still the same old sentiment was being trotted out despite the system clearly illustrating this stock was on very unsure footing.  It also clearly illustrated, (as I demonstrated for a number of investors who took me up on my offer to teach them how to average down without betting, but averaging down intelligently), that averaging down on a losing position has to be done in a rising market, not a falling market.

One poster here stated why sell now, it is so low.  That same statement was being used at $3.50 when it came off $6.00 so they held and simply added to their losses.  The one thing that is clear, nothing has changed for this stock or investors since 2005.