A Good Day
posted on
Jul 07, 2010 04:36PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
The volume today was strong as ever. The liquidity our stock has is impressive. That is going to attract day trading.........penny flippers , I think they are called!
I think that is good! they should be welcome, as all investors and traders should be.
Some of the technical indicators did show that there could be a pullback short term. Sometimes the release of news actually percipitates these little pullbacks. Believe it or not this is very healthy for a stock. What all us longer term holders must keep in mind is that the hyped increase in our stock does us no good! We aren't going to sell anyway, so the only thing we do when we pump our stock is create profit oportunities for short term traders. That is also good because it helps with our liquidity but doesn't put cash in our jeans till we sell.
Our big return will be when a serious fundamental news item makes us a must have for larger institutional type investors and people who want to be part of a long term play. Or we are bought out!
We are on our way with the great job our managment is doing. This requires patience on our part as owners. I am continually more encouraged in our long term prospects. The effect of Mr. West will prove itself in the longer term as well, thru his influence with larger investors and his followers. Our freinds on this board have been on the ground in the Beuace and met the management and seen the VG and talked to the geo's and walked the ground we have staked. That is our strength!
You can't get DD better than that and you can be confident in the soundness of your investment.
The share price on any given day is not as important as the price on the last day!
The daily price does make you smile and feel good though, especially when it is three times what you paid........... hehehe.
I feel it too........good times!!..........Carry