RE:RE:My stock indicators@dirtydzn
The consumer price index will be anounced tomorrow by the Feds in the USA which is expected to be 7.3% inflation, we have very high oil prices and a multitude of price increases at all level of the economy now, which is not very good so that normally would spell bad for the stock market but i think a lot of it has been priced in already and that is why we are seeing low share prices in every segment of the economy except in oil and a few commodities the rest has been in the dull drum for a while now. So we are in a cyclical bear market right now and if the Americans starts selling because they don't like the CPI numbers, we will see stock prices drop everywhere andd we will feel the pain sort of speak but that pain is only felt when you sell during a down draft. So the big question is " are the stock prices valued too high for such a high inflation number. We will see tomorrow....
I believe if there is a price drop in the overall stock market tomorrow, DM will get caught in the down draft but I am not really concerns because it will be short lived. Why? because we have cash and plenty of it for the size we are as a company. When you have good reserve of cash you can weather the storm and keep competing with companies that have no cash that only sell services or products to keep cash flow going and they don't bother trying to make a profit and eventually it catches up to them and they need another infusion of cash and that usually comes from going to market and issue more shares and raise cash and dilute existing shareholders.
I know, I am probably boring people with my sentence "cash is king in a micro cap company" but it is specifically true when the market is going down. I know what I own and I am not separating from my shares until we start hitting $2.70 type price. if I am right this is no longer a 10 baggers but an 18 baggers and if you were to buy for someone $1000 worth of this stock today, they could wake up in 5years from now and have $18,000 worth or like some of our Naysayers would say here on this BB.Loose the entire $1000 and I would say why would that happen when the Company has $0.06 of cash right now and plenty of potential sales in the sale funnel.
Regards,
Fearlessgg