Re: Looks Like A New 52 Week Low To Shake Out More Shares
posted on
Oct 15, 2013 02:40PM
I was one of them and the movements are rational.
The sp going down has got nothing to do with Coutts buying some shares. I say that making that association is itself irrational.
The sp was going to go down any way due to lack of further news after the Pickle Lake power line announcement.
I said so on about Sept.3 and I believe I was not the only one.
Prediction that came true?
Hardly.
Just a fair observation based on knowlege of stock, what affects it and what is needed plus it's history.
I repeat, it is not the sp movements that are irrational but conclusions based on sparse info of some investors who are duped into parting at these prices.
Place the irrational blame where it properly belongs, on the weak investors and not the share price which only reflects the actions of former.
(I post on this forum to help some holders to understand why I am still holding and perhaps persuade them to do same.)