Speculation without info
in response to
by
posted on
Oct 05, 2011 10:17PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
CJH, are you talking to me? Yes, I want to buy more and Yes I don't have cash yesterday or today. Probably none till my next paycheck. But as my mom once said "there are always windfalls", and I am expecting one or two more good windfalls.
I have no hesitancy buying more tyhee, at 9 cents, at 15 cents, or even at 40 cents. I bought a bunch not long ago at 15.5 adn 16. This is a good investment, risks in mind, at any price below 40 cents in my mind. Above 40 cents, and i want to see us closer to next summer, more liquidity and so on.
I have no info no their actual plans, but that is my answer to the question about who is selling. If I am wrong, and I may well be, then one of the other plausible explanations is that there are sellers who must dump anything they have, including Tyhee, to cover losses. However, if you track who is the main seller on a particular day, you see patterns. On day the big seller is using TD Bank. Antother day using UBS Securities (today) and RBC.
In my own guestimation, there are at least 4 parties engaged in selling into any buying pressure.
So there are two plausible explanations about who is selling what seems to be a good investement at a price level or method that does not seem in the seller's best interests.
And yes, I think it is fine. We need cash to flow into Tyhee. They are an exploration/late stage developer. They have no revenues. Unless DW flies to Dubai and borrows 200 million for Muhammad Al Makhtum, I don't see any other way than through equity / PP when it is required.
Certainly all of this is speculation based on what little info I can glean from the public domain.
Yes, it is frustrating to see these low prices, but I can't say that I did not have the chance to buy more shares. For all of us it is iether a question of nerve or of cash on hand.
What's your situation?