RE:RE:Second Quarter ReportIt’s Fergus that’s been giving stars to all those recent posts. Why not? They speak (and accurately I might say) to Birchcliff’s blowout 2nd quarter. Right now I’m on cloud nine. It’ll be intriguing to see where Bir will open tomorrow, let alone the close. Seeing the volume late in the day I modestly added to my position. However, the longer I play this market the more cynical I become. It seems to me that a company’s share price is nothing more than a reference point for derivative trading on the one side, day traders on the other, and market makers (high frequency traders) in between. It gives one pause for thought. Is there is anything left for the buy and hold types? But of course there is, - when some entity steps up to the plate with a takeout offer. But this ain’t no distressed asset, leastwise after tomorrow’s open and in the days ahead; - unless the street chooses to foolishly disregard those results.
GLTA and best wishes
Fergus