GREY:STPJF - Post by User
Comment by
nikeherculeson Apr 16, 2014 1:07pm
162 Views
Post# 22459017
RE:RE:RE:IR
RE:RE:RE:IR
It's retail panic. There's not reason to sell now.
Wake me when 4 million shares get dumped. Last year around this time news leaked before an operational update the SP crashed from 0.61 to the low 0.50's on 4 million shares. That woke up alot of people.
Recall there was also retail panic when this thing dropped from 0.29 to 0.20 just after the negative TD report following the ICD press release.
It doesn't take much to move this thing either way - this is after all a crazy little penny stock. Stick to the company fundamentals and your risk management plan, and all will be ok!
If you can't handle the volitility, buy D.UN. You'll sleep better.
Disclosure - buying D.UN at the end of the month.
...and I love the Mr. Market story, probably the best I've seen:
The concept of Mr. Market goes something like this: imagine you are partners in a private business with a man named Mr. Market. Each day, he comes to your office or home and offers to buy your interest in the company or sell you his [the choice is yours]. The catch is, Mr. Market is an emotional wreck. At times, he suffers from excessive highs and at others, suicidal lows. When he is on one of his manic highs, his offering price for the business is high as well, because everything in his world at the time is cheery. His outlook for the company is wonderful, so he is only willing to sell you his stake in the company at a premium. At other times, his mood goes south and all he sees is a dismal future for the company. In fact, he is so concerned, he is willing to sell you his part of the company for far less than it is worth. All the while, the underlying value of the company may not have changed - just Mr. Market's mood.