RE:RE:RE:RE:RE:RE:RE:Beacon Securities increase price targetbarkingdog wrote: my thoughts are orders are a reality of a promise to buy if you meet conditions etc.....My guess is pruneface is based on speculation.....we held at range bound through the summer....which was a period the company was busy settling up in usa etc......I was really happy we were range bound.....So i unlike you was satistfied with the sideways trading in past few months.....One analyst setting a $4.60 target really does not necessarily move the stock up.....heck i have some oil stocks with 10 buys and they have tanked...GWT may still be a little ahead of itself earnings wise....yes overpriced.....but that will catch up.....relax be patient....3 years from now it will be trading north of 10 bucks or much higher according to Smith wicks who has posted some metrics....or was it Confidentdd....not sure which one.....Now Prune face.....go to bed and relax...it will happen
Wow. The only thing you wrote here that is correct is that 'GWT may still be a little ahead of itself earnings wise....yes overpriced.....''My guess is pruneface is based on speculation' ...What does that even mean? I've clearly stated that the forward earnings projections by the pom-pom crowd and the 'solid' analyst targets are speculation. I prefer to deal in reality. Reality is I took advantage of the range-bound trading. Three years ago, would you have thought the O&G sector would have taken the pummeling that is has? If you bought then and are still holding you got hammered. If you traded in and out, maybe not so bad. You can 'speculate' what the price of BUS will be in 1,2,5 years but unless you are prescient, you can't say for sure. Even I thought the SP would be in the $5 range by year end 2017. Obviously, barring a takeover, that won't happen. I see nothing wrong with being prudent, reducing my cost base and therefore the risk, protecting my butt. It doesn't mean that I don't like the company, or else, as DD so astutely pointed out, why would I be invested? I'd say I probably have as big or bigger position here than most. Still, nobody here including the pom-pom crowd has answered my question. If it's not earnings that is holding the SP below the current resistance level, with all this recent great news, what is it? 'It trades as it does' and ' it takes time to build a real company' aren't reasons, they're 'I can't give a real reason'. I gave a possible reason, the market wants to see earnings not speculative earnings, so if that's not it, which I was told it wasn't, then what is it. I'm curious. By the way, I am relaxed. You should see me when I get agitated.