Post by
BlueChipper2020 on May 19, 2023 1:14pm
SINCE APRIL 6TH
As a investor since 2018 and having a fairly large core position, I added 127,500 shares since April 6th when the price slipped under $.20 including 35K shares at $.135. Thank you.
The share price dropped since the last PR on normal volume and you often see new characters pop out of nowhere to cast doubt on small retail fish. These posts are combined with strange trading patterns such as:
Stock trades at say $0.18, and you will see a large sell order at $195 and large buy order at $165. This went on for many many days. A lot of professional traders know junior mining and know there is often a long lag between assay results. After the last few PRs from SIC, we knew there was going to be several weeks before any chance of any major news which continues to this day. Junior mining is always a great target to help drive the price down. However, when things are going great, you will also see new posters appear pumping like crazy as these same folks ride the wave up. Cycle repeated.
The events of the past few months have no impact on serious investors here, and this price drop allows some of us to add. I plan to trade the shares added in the near future and keep my core position of course longert term.
The one character on the board which appeared suddenly is not dumb. He/she understands junior mining and grades/intersections ect. However, the reality is that it is very easy to make such comments in either direction (positive or negative). This type of thing is happening all accross the junior mining sector. Knowledge and patience is needed.
GLTA
BC
Comment by
ggnewmex1 on May 19, 2023 1:26pm
Thank BC I have been adding as well, though now as many shares as you. I have lowered me cost by over 2 cents a share, always nice. I am relatively excited about the future with all metal discoveries! all the best GG
Comment by
Stockpicks96 on May 19, 2023 1:57pm
Welcome back BC and ggnewsmex1. This is a marathon not a race and we'll see how this race plays out.
Comment by
DutchvdL on May 21, 2023 11:28am
I think sprint is the word you meant to say considering a marathon usually is in fact a race
Comment by
Minray on May 19, 2023 10:10pm
Excellent post BC. I hope you're doing well.