Welcome To The Canadian Imperial Venture HUB On AGORACOM

Identify, Focus, Develop.

Free
Message: Knee jerk reaction

Knee jerk reaction

posted on Jul 21, 2008 11:55AM

Bad day at black rock one of favorite westerns. Not too good a day for us either. But... only 13 odd million shares traded about 3% of total share capital. This could be explained by small investors bailing out.

Has the price collapsed so much that investors have decided to stay. Hard to call when you hear of investors averaging down over the years to a share price of only 1/2 cents. I'm averaged at 18 and wouldn't dream of selling. This knee jerk reaction is understandable but short lived. Lets wait to hear about the final logging and the analysis of the Green Point. If its true that the Alberta holdings will keep the company ticking over then lets look forward to drilling the extent of the Green Point. Only 1000m down, smaller rigs cheaper operation. Thats my understanding.

We are all disappointed but all is not lost. Keep positive and don't sell your shares. You only lose money on selling low.

Best wishes

a6dyl

Share
New Message
Please login to post a reply