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15/09/20
15:59
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Originally posted by Pomodoro
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Look at the facts objectively here.
Birdie hold a tonne of these. So he says and i don't want to agitate that point. Frankly he can hold the whole company or hold nothing. However, you have to ask why he is posting all these little links. Is it because he loves you guys or is also sweating about his holdings? More likely to be the latter. I do not think he is stupid to think that by posting on hotcopper his stock price will appreciate. But what he is doing here is a bit of a psychological exercise. He is trying to gain a following so that he can feel good in otherwise a pretty crappy situation. Nothing worse than seeing your stock fall. For him this must be compounded given that he is holding a tonne of them.
The problem here is Birdie has got this unrealistic attitude about the stock. He wants this company to rise in value. This is the number one mistake for any newbie to grow up with. You see anything can happen and you do not know this. Your job is to trade the price and volume. 99.9% of the time the market gets it right. If they thought that this was worth $10 they would have pushed it up. Believe and trust me there are some very smart analyst out there who crunch numbers and run expensive models on the present and future. You are betting against them here. Most of all if they were all wrong then at least your CEO is not. If he thought this was heading to the moon why sell?
Please read the book Trading in the Zone by Mark Douglas. That is the best thing you can do.
Then you will learn that unless you have a positive edge you will never make money in the long run. You will have big wins or small wins and feel great. Down the track you will get the opposite result to either wipe you out or keep you at break even or at a loss.
Birdie has to decide when he wants out. Otherwise what is the point in holding stock? And birdie is being very stupid and greedy. The normal return on share markets are between %10-20% max. To hold after you receive many fold is utter foolishness and greed. And he is now paying the price for it. Could have cashed out at much higher prices.
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He doesn't need the money, therefore no need to sell. He has ridden all the ups and downs so I don't think it's a big concern of his because ultimately- it's a good company. He got in early, identified the benefit of the tech, sat on his hands and was patient. And now he's filthy rich.
The above has been disseminated by him over the time he's been posting here.
Your comment reads like you're a jealous little child.