RE:Speculationcre8value4me wrote
just a question for those on the board who may have more knowledge than myself can you speculate as to why CJ drops along with the rest of it's peer stocks but takes the stairs back to top when others ride the express elevator? This has been a repetative theme.
GLTA
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Let me try to answer your question.
Who gives a FU@CK where the shareprice goes on a daily basis.
The problem with CJ and its shareprice is that there is no problem. Look at a 5 year chart. Except for the last couple months CJs shareprice is higher than its been in the last 5 years. At the end of 2020 the shareprice was at 40 cents. At the end of 2021 the shareprice was at $5. And now 6 months later the shareprice is at $7.08 or 40% higher than it was six months ago.
40% in six months seems like a pretty good return to me.
The problem is not in the CJ shareprice its that your brain is overheating and melting down because there has been a nice drop in the shareprice over the last weeks. And now you are watching the shareprice by the minute and blaming Nuttal, manipulation and who knows what else. The shareprice went from $5.20 to $9.30 in 3 months. That was an aprox. 80% shareprice increase in 3 months. Did you think it would never have some correction? Todays shareprice is still over 30% higher than we were 3 months ago. It seems you are only able to relax when the shareprice is doubling every few months.
Yesterday you were calling for a "Nuclear" event with no bottom in site for the shareprice. Today the shareprice goes up
2.5% and you complain that others have gone up more. Do you even read what you are posting.
What you should do is step back and examine whether you believe in this company and its prospects going forward. And also do you believe that oil prices will stay at resonably high levels. IF you dont believe you should sell out and move on to some other stock.
If you do believe stop looking at the shareprice every minute and seeing all kinds of conspiracies and manipulation behind every movement in the shareprice. In fact you would probably be better to not look at the markets for weeks or months on end. Get your mind on something else and you will forget all about the markets.
The shareprice will go where it wants and you watching it and posting about every little movement or even big movement will not change one think except for giving you more stress.
In the long run what Nuttal or anyone else thinks does not matter. What matters is having $330 million per year in cold hard CASH piling up which is what CJ has. Having zero debt which we will have in 3 months is also a huge bonus.
In a month or so when the second quarter report comes out and the market sees that we had Free Cashflow of $100 million in the quarter and debt is knocked down from $147 million to around $50 million and the dividend is doubled or tripled i am betting that especially if oil prices cooperate we may see some serious moves upward in the shareprice.