Snacks...
I appreciate the honesty...but when your view is to "live on the fringe of yours and others knowledge like a gutter rat"...can you not understand the frustration people like myself and others feel in essentially feeding the trading antics of people like yourself?
To our own detriment mind you!
This is exactly why I no longer post detailed analysis on other stocks...you may recall I used to cover most of my stocks in detail, now just one...and after this, likely none.
The actions of people like yourself are directly responsible…a collective shooting oneself in the head?
I am happy to buy more for the long term, as such would have been happy to take out the 11c line on Thursday......and possibly set off a rally…but I am well aware of people like yourself scabbing points from such activity at present, so instead I sat on my hands and watched.
And this simple event is one of the central issues currently facing CVI!
I am sure I am not alone in wanting to buy more at such depressed prices, but I am sure many would hold a similar view of waiting it out…and so the stock goes nowhere.
Behaviour like that you describe is destructive for the stock and equally destructive for all holders, but of course the market doesn't care about such things…I accept this.
We as investors however should...well at least this is my view towards certain stocks who in my view are really trying to make a go of it.
The markets are not just about taking for ourselves, they can also be about giving and providing support...a foreign concept for some I am sure.
Ask not what the markets can do for you…but what you can do for your markets!
lol
I wonder how many people would see the markets in a different light if they were a CEO of a listed entity struggling to progress a project; nobody wants to give you money when you most need it…and when you don’t, they are falling over themselves to be your best mate.
Not all small caps exist to execute a well crafted market farming exercise!
You will not believe me here, but your "trade" whilst netting you a quick return, really is small time compared to what you would make from CVI…yes you personally…if only you would adopt a different view. Buying at 10c and selling at 10.5 is not the way to go…it is never going to change your life...PERIOD!
Of course, I am not talking about you specifically here, but you as part of the collective that adopts such meagre expectations of a stock like CVI. Without this sort of instant gratification, there is no reason why CVI could not do a MAK type run...different numbers of course, but same basic patterns of investor centric rather than trader centric trading patterns.
Simple fact is that we are at 10c now due to a predominantly short-term money grab outlook...not just from you or your collective mind you, but a whole raft of greed induced short-sighted players.
There is absolutely no reason why we should not be trading at 30-40c plus today, after perhaps seeing a spike to the 60c level prior to the wider market collapse.
We have the assets, we have the potential and importantly, we are in the right place at the right time…all the ingredients required to carry forward premiums, which in themselves generate higher probability outcomes.
Instead, we have seen bloody minded games, as retail points hoppers have set about fighting each other for the crumbs thrown down from above…on the back of which the “Globals” of the world have pounced for their own benefit.
The points hopping approach you discuss is exactly the sort of thing that kills off sentiment, kills off interest, kills off confidence...and ultimately, kills off the future high side potential of such stocks, not to mention their standing at the negotiating table.
For all we know, North Matanda fell away due to a perception of capacity risk due to a low share price and subsequent less than healthy market cap?
I guess we might never know?
It is hard enough for a micro cap to break free of such a tag...even harder when rats are scabbing of its lifeblood., which of course centres on it's capacity to raise funds when required with limited dilution.
Whilst points hoppers might feel all is fair in love, war and the markets, the simple fact remains that specific "targetting" of stocks based on the posting patterns of others, as a sort of market litmus test for determining stocks with the right retail flavour for their pursuits, is not only detrimental to all who buy her, but ultimately, will eventually be detrimental to those who proliferate such an approach.
I am sure however that with such short-term money views, the gravity of such comments will escape many.
Personally, I do not think very much of any trading regime that needs others to lose money for them to prosper…so much nicer for us all to share in any profits to be had, which of course is the way when a company grows with our support.
Cheers!
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