RE:RE:RE:When I go away for a few days BlueChipper2020 wrote: Ethanator wrote: Or maybe its just people taking profits and selling after making some money. But no.... it has to be "fish" or "the little guy" selling to the "big boys". You said the same type of thing at .70. Yet whoever sold at 70 made a great decision. Maybe we have hit our high. Nobody knows. But to classify this as simply scared fish selling is nonsense.
Wrong Ethanator
You are first of all making quotes above of things I never said. Go back to my post. Anyone who sold at $0.70 made a great decision? No. Folks who may have taken some profits by selling some of their shares having seen this stock go from a low of $0.08 to $0.78 d made a smart decision if they choose to do so. Many who invested for the long term also made a smart decision and are not swayed by a high volatility stock like this (all junior miners).
No one can predict these type of stock price movements. These sellers are shorters and scared retail fish. Smart money takes profits on strength and a run up. Not when a stock is trading very soft. The smart shorters use times like with price declines along with a lag on expected drill assays (having come out for SIC recently) to push down further and squeeze more share out of weak hands. This selling is very light considering the Company has a float of 200M shares. Many new buyers who see weakness here, delay their buying until the downturn ends and sentimenet changes. Smart buyers do not care about catching a bottom and buy when the price is on an uptrend.
Not sure who you think you are giving trading lessons to. My average cost is about $0.13 or so so I can chuckle at your post. I have not lost a cent since the high of $.78. Just all on paper right. What about those folks that "sold out" on the original climb to $0.30, $0.42, $.55?
BC
IMO, this is the same person that has 42 different handles on the CEO SIC board and continues to spout off about why the PPS will continue to fall. He never stops.