AGS is a pretty good case study of market dynamics IMO. Of course I believe in their potential and so does the market but what market and what contest?
Perhaps it is similar to a beauty contest, where perhaps it isn't as important to believe whom you think is the most beautiful contestant, but perhaps what the judges believe to be the most attractive contestant. Perhaps we should be devoting our collective intelligence to anticipating what average opinion expects the average opinion to be?
On HC, individual opinions are of mostly little value IMO - why? - Because they are so frequently wrong - especially at turning points in trends.
On the other hand, the human traits of fear, hope, greed, ego and wishful thinking are so strong it is impossible to be objective.
Therefore, if we rely stubbornly on our own opinion, perhaps we are likely to do so whether right or wrong. The defence of your own opinions is a strong urge with AGS.
Therefore, I conclude that in the face of the unreliability of your own and also crowd opinions, why don't many of you make the strenuous effort to see the opposite side - to examine the facts and evidence and if warranted, act in the opposite way. It is hard to question.
Why do you believe that the AGS market cap is over $200,000,000 and what comparisons are there in the market place that will back up your views? SMM?
Why is the price going up so high on a non JORC Compliant resource? Why did she settle back at 90c odd today? Who has bought recently and why? Who bought today? Why is there so much speculation?
Why do you think I sold at 70c and why do I think she will be below that figure in 11 days? Who is currently selling and why?
My feeling is that on order to beat the market, it is foolish to to do just what other people are doing, because there are almost sure to be too many people doing the same thing. So perhaps AGS has been driven to extremes of over valuation or undervaluation? (LOL)
Sometimes, it is the best during these times to do the opposite to everyone else. IMO, the more widely a view is accepted, the more likely it is wrong and that then we should all consider contrary views.
AGS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
