Re: Alton's Book Value Revisited
in response to
by
posted on
Feb 15, 2014 03:05PM
Multi-Billion Dollar Agreement Signed With Oman
No institution is going to get heavily involved until there is significant increase in number of shares. When you have a small number of shares a big buyer affects the buying price when they get in : shoots up and shoots down when they sell. I think a 5 for 1 ( maybe not at once) would produce a float that is more in their comfort zone. Locate companies that are in the same industry as OMAG check the number shares and check the institutional holders.
Regarding when to sell, I think we are all competetors at this pont. Say several of us place sell orders @5.00. If the volume is small we will push the price down. Alton has a good strategy.
If you are a long time holder and have bought at different price points and have 30,000 or more shares you have a lot of flexibilty to sell gradually. Don't ho;d and go for broke.
While I would like to see fundamentals ie book price, drive share price, there is no law to count on this. In the end price is in the pockets of the beholder.
Remember this project is probably two years away from completion and earnings