The Price Fairy Is At It Again?
in response to
by
posted on
Nov 04, 2015 09:01AM
Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.
Hello Tony.
According to the way I do arithmetic, your comment about dumping in front of bad news doesn’t add up.
#1) No coherent or rational market for Fancamp shares has existed for several years.
#2) Past trading (such as it did exist) evidenced little or no reaction to news, good or bad.
#3) According to everything I’ve ever observed, day by day, year after year, I cannot imagine that there are people with sizable interests in Fancamp, waiting in keen anticipation, for news announcements. In case you haven’t noticed, we’re being ignored. The picture you draw is the direct opposite of the real problem with the price of our shares. Emphatically, there absolutely are not any people watchfully following what’s going on with us. There’s not a shred of evidence that we’re under the close observation of investors who are watching us closely, in keen anticipation of an upcoming news announcement, so as to jump in and trade accordingly.
#4) My theory for the price of our shares remains the same as it’s always been. So far as the marketing of our shares, our Great Sovereign sleeps in his own world, located in a distant galaxy.
#5) Although I have no way of really knowing that this has anything to do with the latest shares up-for-sale, in a recent post I pointed out the fact that the “dissolution date” of the last offering we did with Marquest is 30 November 2015. According to the brilliant thinking of our Great Sovereign, he put those shares into what the prospectus pointed out (in bold, all capital letters) is a “BLIND POOL.”
#6) So far as your “flipper” theory (that you posted last week), as well, I’m not inclined to believe in it. Strictly as a function of how the numbers work, it doesn’t add up. You don’t need to look further than the Volumes at the Bid and the Volumes at the Ask and the percentage difference between the Bid and Ask quotes. People who are “flippers,” are not people who buy according to the fundamental values of the company. Obviously, they are motivated to make a quick profit, by easily and advantageously getting in and just as easily and advantageously getting out. Most emphatically, FNC is not anywhere close to a good stock for that strategy.
In the two posts of yours I’ve mentioned, it seems to me that you’ve let your emotions get the best of you. Last week, for example, you said you can’t wait to recoup your loses. Of course, that’s very understandable. But you also said that you can’t wait to say adieu, just when that opportune moment arrives. Of course, the reality is: The abstract entity FNC knows nothing about whether or not you’re entitled to get even; or what your loses are; or even the price you paid, in the first place. The price will never go up, only because the Price Fairy thinks that you’re entitled to catch a break, for a change, because of all the hardships you’ve suffered.