VAN 0.00% 4.7¢ vango mining limited

the next world class alumina refinery , page-32

  1. 3,413 Posts.
    SS,

    You make a very good point re the "reaction" to positive news and the resulting red candle.

    The best example I can provide of this is AVB.

    AVB's SP hovered well below 0.03 indefinitely despite numerous very positive announcements re exploration progress in Brazil. Time and time again good news was met by the ever predictable & abundant selling into the depth.

    As a shareholder it was very frustrating & tiresome. On more than one occasion I questioned whether the SP would ever head north with any real gusto and whether I had backed the "wrong horse".

    THEN on the the 15/16th September 2010 a trading halt was announced that would last for 3 trading days.

    On the 21st the SP was quite literally launched into orbit and continued to do so over the next 15 or so trading days. The SP reached an intra-day high of 0.235! Talk about 0 to 100 in under 4 seconds!!! Have a clook at an AVB chart.

    My point, when all appears futile and you feel like throwing in the towel (this is precisely what those "capping" ORD presently, are wanting holders to do), THINK VERY CAREFULLY BEFORE PULLING THE SELL TRIGGER.

    ORD's SP has been so tightly controlled for months and the energy that is subsequetly stored as a result one day will be released and IMO that day will certainly come.

    In closing I'm not trying to cross-promote AVB, I'm merely trying to demonstrate a real example of what can occur.

    Oh and for what it's worth, I don't believe AVB even comes close to what ORD have to offer shareholders & look at all the hype that forum generates each day on HC ;)

    Good luck guys & gals.

    WC8
 
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