When the "taxi driver" starts talking enthusiastically to you about buying "XYZ" shares because next month they will be 10x the price...
It's time to get out of the market.
Savvy investors know this.
Other taxi drivers just jump up and down and get excited and buy at the top and sell at the bottom.
All the ramping, dreaming, pretty pictures, Gold is going to $5000 comments, SP Manipulation comments and so on is more likely to scare big money away, even though you mean well, you actually are having the opposite effect.
The stocks I've made the most on are the ones where NOBODY was commenting - including me!
The worthwhile comments are the ones where serious questions are raised and solid FACTUAL research is presented in a NON biased way... Good or Bad.
People who are labelled as down rampers are the same as those who call people like me climate change deniers!
Just because something is not popular or fit with your personal beliefs / goals does not mean that its not correct.
I was the one of the NKP "down rampers" last year, telling everyone it's time to sell...
Did the same with CCC too FWIW...
Have a look at the share prices today.
My Sentiment remains the same for the same reasons today.
But those same Characters who were up-ramping are still there today, and day by day their wealth is being destroyed.
Phone calls and emails to directors are ALWAYS POSITIVE, even if a company is about to go into administration, the director will still talk UP the companies prospects... That is their job.
Think of directors as being a bit like car salesmen... They sell the sizzle, not the sausage... get it?
If those drill cores don't contain economic gold intersections, It wont matter if gold is $20,000/oz the SP will suffer... Same goes for the Togo Tender.
That's reality.
Somebody may be accumulating, Somebody may be slowly selling half their holdings taking an each way bet, somebody may also be selling to themselves in the hope of scaring others to do the same... the only way to really find out what is happening is to get regular top 20/40 reports eg. weekly/monthly and see what's happening up top...
Everything else is just wild speculation and wont help you become a better investor or to make money.
Cheers - Good Luck and keep it real.
PS: GlenRoss... Loose lips, sink ships...
SSC Price at posting:
1.8¢ Sentiment: None Disclosure: Held
