timing, page-77

"Bruce I wasn't asking Vendor to stop posting."

Chuk,

My last post wasn't directed at you or anyone in particular.

I was just supporting a view of Vendor's that people often get caught up in the euphoria of the positive posts being made in most of these HC forums, and their emotions and exuberance for a stock has cost some of them plenty of money.

Long term predictions for a stock are very difficult to make. A well-known Adelaide owner of a stock broking company was predicting a $20 share price for Peptech, about 10 years ago. He was telling people to buy into the stock at $5, and holders to keep their shares until it hit $20. Whilst the smart investors were selling out. When Peptech hit $1 there were legal proceedings, media coverage and thousands of investors who had collectively lost millions and millions of dollars.

People who err on the side of caution in a stock investing are usually the most consistently successful investors. When a stock's sp drops by 20% do you sell out and conserve 80% of your capital or not? Some investors do this religiously.

Where will ABU's sp be 2 months, 6 months, 12 months or more? No one has any idea! The market will determine that.

It depends on why people are holding onto ABU. Some think of ABU as a "hip pocket stock", sit on it through thick and thin in the hope of a 10c to 20c sp in the long term.

But some posters on here have the belief that ABU could do a run like ADN and be as high as 20c within the next few months. This is really wishful thinking. I just can't see that happening.

Time will tell.

Good luck to all investors.

Go ABU!