attention all sellers

As Drew Michael said in an earlier post "....investors hold this down by congesting the sell side with millions and millions.... when will they ever learn".

I am sure Drew is assigning some degree of intelligence and respectability by referring to these people as "Investors".... given the information we now all have.... it appears they are limited in their ability to rationalise a situation. Perhaps if they withdrew their offers the share price may gain some momentum and they may continue to stay withdrawn ... and receive a better price.
But.... no.... they dump there lot into a queue that already has zillions in it and take joy in seeing they are number 23 in that queue.
Do they not realise that potential buyers see this and hesitate to enter the "buy" side... preferring to let the disproportionate supply bring down the price?

I, for one, rarely declare my intentions by entering an extensive queue to "sell".... prefering to reduce the supply, give the stock a chance to increase in price.... and then simply hit it!!

I also have no doubt that some of our very own posters on EXM .... whist declaring their so called long term status.... really are day traders and have already lumped their lot in to be sold.

Very few Day Traders make money over the course of a year.

Why?.... because they restrict their wins to miniscule amounts.... never let their profits run.... and always succumb to those trades that fall immediately upon being purchased.
Consequently it only takes ONE losing trade to wipe out the profits of 4 or 5 winners.
They usually give their losing trades plenty of time in the freefall.... instead of giving winning trades that same amount of time during a run up.

I have traded extensively on a short term basis.... won a Gun Trader Quarter .... when the market was rising... ran second in a subsequent Gun Trader Quarter when the market was falling.... WITH 101% AND 81% returns respectively.
I have a lot of tools at my disposal and the edge provided by these tools enabled those results.
However, I am here to tell you it is diabolically difficult to keep on winning on this basis.

SELLERS... use your brains... adopt some form of intelligent rationale and you may be surprised at the results.

EXM has more chance of heading north than it does of heading south.... given the recent announcement.

Cheers to all.
Bripoz.