countdown to 12th april, page-23

not downramping, i have no position and no intention of taking one.

MAD is rising day after day after day with no news - just the expectation that a large new increase to reserves will be announced.
How large will that increase be? 10%? 20%? 50%? 1000%? The SP has moved near 10% a day for the last week on the back of a series of huge increases over the last 2 months - For these increases to be justified there must be evidence that the company's net worth has increased or has the potential to increase daily by an equal or greater amount.

Are you familiar with Pyramid schemes? Everyone is a winner as long as there are more people to buy in at the bottom. MAD has been rising non-stop on the back of no news, and people keep buying on the back of "momentum", well herrr derrr as long as it keeps going up there reason for me to keep increasing my exposure to it which in turn creates more buying pressure which creates subsequent price increases, this is the sort of fuzzy logic that leads to bubbles forming in financial markets.
Yeah of course, theres that small chance that maybe reserves announcements will show an increase in reserves to more than the holdings of saudi arabia and you can all be overnight instant millionaires - but thats the sort of wishful thinking that results in the greedy losing everything.

The bottom line is this, financial markets factor in news for what it is, to have the opinion that the only way a stock can go backwards is with bad news is sheer stupidity - do you honestly expect an infinite series of rises to occur on the back of an announcement to the market regarding an unknown increase in reserves?

If i owned i'd be selling quick smart