Well said Tom. A gold stock I have did the same thing, it went from 25 cents to $2 then 35cents now its $1.20 again.
The people who follow it are obsessed nutters who insult anyone who is conservative or critical.
Its almost like they are high school dropouts and thugs who lack basic decision making skills. What you see is a pack mentality that cheer on each others comments.
MEL at $1, I thought it was all smoke and mirrors and over promoted. When companies receive government grants this feeds the hype. Gas and Oil seems to be one of the hardest of all commodities to make money. Oil and gas exploration is the most expensive of all exploration. That expense gives it added risk.
Mel in the long term could be a winner but its all speculative, just like most stocks. This bull market is creating a feeding frenzy as desperate investors buy stocks will little more than dust
MEL Price at posting:
34.5¢ Sentiment: None Disclosure: Held
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