buy the rumour ... or not?

http://www.smh.com.au/business/cfd/buy-the-rumour-sell-the-fact-20100223-ovv5.html

A very small quote from the article ...

"Long term investors are just that. They look beyond the daily noise of price moves and instead focus on long term prospects. Rather than move in and out for a 10% gain over several weeks they are looking for stocks to double or triple in price. Both parties make money"

As cliche'd as it may be, the above article and the above quote in particular pretty well sums things up for CXY investors pre-ignition.

In a way, if the sp could consolidate for a week or so more before ignition it may not be a bad thing imo.

What will be the sp reward for success and how long into the burn will that be apparent? After CNX's woes yesterday, the impact of bad news is there to be seen.

I mentioned something similar in a previous post ... for me, it is inconceivable that having gotten to the pre-ignition starting line in a measured, deliberate and determined way ... and having given enough guidance on commercialisation plans ... and knowing the importance of the sp in future funding options ... that management wouldn't have news to release during any/all of the pre, during and post burn periods.

Cheers
Dex