Re: Underperforming
in response to
by
posted on
Jun 27, 2008 08:18AM
Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta
Hi Brian,
Good to hear from you.
Every person or organization that buys or sells a stock is "manipulating the stock price".
It's happened that way for many many years, and will continue to do so.
So, I guess we could say that manipulation is in the eye of the beholder. If we don't like the way the stock is moving, then it is being manipulated? However, if the stock is climbing rapidly in our favor, then it is a long overdue justified climb, etc.
The point is, that the markets have always been similar to a large casino where stock prices fluctuate based on who is willing to buy or sell at a given time.
With regard to Connacher, the long term fundamentals look strong. So, we should see the stock price go up over time.
Best Wishes,
Lynn