Re: Level 2: wall moved down to $1.06
in response to
by
posted on
Apr 30, 2012 09:10PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
My opinions are not welcomed by some people on this board but for those who click on the recommend button on my post here are some explanations about L2 walls. I did not read all the posts but I don’t understand why some of the people here with more investing experience than me did not answer multiple questions about these L2 walls. I noticed for example that Metacomet asked the same question several times . Are these walls real? Of course they are. Some of them are set manually and some by software to keep the price low as is between $1.00 and $1.10 I still have contact with people from my previous work at the bank, and I have a good friend who has a private investment company etc.... they know this strategy. Big investors know about the potential of CUU but they also know that the buyout is not going to happen until the summer so they keep our price low while investing somewhere else. That’s what I do too. I did not sell any CUU shares but my new money I’ve been investing in POZN, and I made about 40 % this month and it looks like a new wave of opportunity is on the way. Those people who made these walls, they purchased CUU shares at 1.03 or 1.04 and put them for sale at 1.10. So even if they get sold they will make some profit or computers will raise the wall a bit higher and the next day they will bring the price down again. I believe that the buyout will not happen before the new RE so until then I can risk and invest money somewhere else. If I see something suspicious, I can quickly sell my positions on other stocks and buy CUU. Right now the price of CUU has to jump over 40% before it makes me a loss. It’s all about risk and reward. This is not for everybody, beside stocks I have a private company and some real-estate properties and I can afford to risk a bit more than some other people. If you can’t afford to risk more, than just stick with CUU. I like to simplify things, I like simple advice and Vette gave you one really good one - sit back and do nothing. Until we get some big news like new RE or something else, our price will be right here where it is now. Investors behind these big walls are waiting and will come back huge. They know more than we do. That’s why we’ve never seen long time expected higher volume since Whistler show. Time is money and that’s their job to do the best they can with the money or they will die. All this could be wrong, you might not agree with me, but that’s OK with me, even Robert Bishop, in his book “ The investors Guide to Penny Mining Stocks” says - “When everybody thinks alike, everyone is likely to be wrong” or “ Go against the crowd and you will be right more often than wrong”