TSXV:FCO.H - Post by User
Comment by
pcnisbeton Dec 22, 2003 9:13am
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Post# 6810008
RE: RE: Pcnisbet
RE: RE: PcnisbetVAV
I think you misconstrue me. If you are a MOMO player or a short, it makes no never mind. Longs, shorts, day traders, MOMOs, they are all part of the mix that make a market work.
I guess that what I was trying to pass on is that FCO is not much of a play for the MOMOs. Scott, as you know, is not exactly Mr Promotion and MOMO plays require quite a bit of that sort of thing.
Being long is grand, but short term traders create the volume that allow funds to be interested and that can provide longer term market liquidity and stability.
Occassional MOMO involvement, those pesky pump artists, can actually sometimes highlight a company which has real developments. I am not sure who has posted the heck out of FCO all over the Yahoo stock boards, but that action was classical MOMO and I know it was not authorized by FCO. Still, it has generated some very worthwhile movement in FCO stock and given the company some much deserved attention.
Day Traders tend to PO Norm, but hey, I have meet some very nice daytraders and they too have their place.
I am long because I was there when we started this. I know you are long based on your analysis of the long run potential of the company as well. But people like Ayedgal, who is a shorter term trader, helped to pick up the volume that disposed of a certain departing directors shares, because they saw an opportunity for the company over a much shorter time frame. It all makes the company's valuation fit what the market should bear.
I can remember how freaked out we were when the stock rocked from a buck fifty to close to ten bucks. Thing was that that advance was simply way ahead of its time. Slow but steady trading through all the ranges is what will make this a real score for the longs here and give the company a long term growth that will make Scott's Noranda dream come true. 'Sides, then we can live off dividends, LOLOLOL.