It's true parrot, but no-one holding cares about that for the moment. Some long termers are celebrating their wins and I wholeheartedly congratulate them for that. As for the newbies, they're buying because the thing is BIG in a new province that is close to a town. No-one can seem to pinpoint what is fair value for this stock, which is fair enough at this early stage, but I must stress how little work has been done on this project thus far for the market cap that the company has. Whether holders like it or not, the market now has very high expectations for this thing, and anything but a majestic success is going to be ferociously sold off over the next few months.
CDU 2006. AVB 2010. HOR 2011.
Research them.
I hope no-one seriously thinks the stock rose from 5c to 60c in 48 hours just because of 3 drill holes, of which only one has been assayed? The market is expecting more, and is pricing in more good news down the track into the stock already.
I read a post last night that was telling. A poster admitted that they didn't buy at a cheaper price, but felt compelled to buy at 60c because the market was just buying up the stock non-stop with unrelenting momentum. Don't forget, momentum is always at its strongest just before a major top.
Once again, no sour grapes here, I'm just putting a few things into perspective. Overnight multibaggers are few and far between so make the most of them while the potato is hot, but don't get caught short when the music stops.
SIR Price at posting:
56.5¢ Sentiment: None Disclosure: Not Held
