I understand the need for funds/banks to periodically re balance their portfolios. However most would understand when you take a position in an illiquid tightly held explorer like CRK you are there until the MC and volume grow enough to allow you to take some profits or money off the table. This is understood at entry. This selling in the face of pending good news and a rising gold price defies logic. I do at times wonder if frank and JPM have had a fall out over the fundamental decisions/philosophy/direction of the co. With a stake as large as JPM have they would reasonably expect to be able to have an influence which in CRK's case may have met with resistance from frank with his blocking stake and so a 'show down/spat'??
None of us are privy to what goes on behind the scenes. For all we know there could have been take over/JV offers that appealed to JPM so satisfying their investment criteria but continually blocked by frank to the point that JPM want to 'rattle their sword' a bit?
Nothing has changed regarding the value and future of this co as I can tell. As already stated by others it will quickly adjust to its true value when the right catalyst is found. It is frustrating for me as I have done my money and can't afford any more shares.
Just some thoughts in the face of this puzzel.
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