re: as a cmr watcher of over a decade
Ekiwi – You are no doubt correct - there will be some who are not feeling too happy at the moment after buying @ $4.50 - $5 but equally - those who bought mid January near $2 would not have been too happy by mid February after she had fallen to 1.40. – Plenty of other examples of that if you look at the chart - but even if timing market entry isn’t their forte - provided they had done their DD they should have felt comfy enough to ride it out if they missed the chance to trade her - and a month later they'd have been feeling good again - but that is the nature of the market I spose – Ok – this time its taking a bit longer but we are also switching focus now aren’t we – oxides pretty boring now – sulphides will just plod along and mesh in with that – that side of it pretty ho humish now – for mine we are waiting for the next stage of our evolution and I have no doubt we are gunna see some journo’s and even some market advisers/analysts eating humble pie soon enough - and for mine – the sooner the better!
Having said that - don’t get me wrong - just like everyone else - I prefer to see my holdings increase in value - geez I love my star trek etc but am not such a space cadet that I get a kick out of seeing the value of my holdings in any stock fall - nor does Harvie - ok he's a bit slow but his book of FaKtS tells him big numbers are better than smaller ones and we were both quite disappointed to see GT sell the amount he did and can’t help thinking there must have been a better way. Maybe he could have fixed a cross trade with one of those “aggressive” US funds but am sure if he could he would have – but then others would say that was lousy and he ought have left them to buy from us on market. As has been mentioned here - the last Quarterly contained info that probably could have readily been released as two separate market sensitive announcements before the Qtly was released - maybe he could have released them separately to support the SP and sold into any subsequent rally - but no doubt their would be critics saying he manipulated the announcements and therefore the market to his advantage. Instead – he just sold on market – no smoke and mirrors like we saw from some buyers a while back and he got it over with pretty quickly really.
May be I’m wrong - I often am – but with CMR …..well – we’ll see – put it this way – for mine it is not the time to take money off the table unless you have to – but in a similar vein - I told a friend at work who had a few bob spare a month ago - then was not the time to take a first position - for mine - long term anything under $4.30 - 4.50 a month ago was a buy - - $4.80 - $5.00 was not - I had to take a little bit off at $4.75 myself or the bank would have been knocking at the door - I assume GT may have been in a similar postition - but my little off would not have even been noticed - his was! – we all have to do what we have to do. Even if you are not in his position - we all have to make decision - whether it be in the household - work or business - no matter what we decide – there will be detractors. We’ve all had to do it – at home, at work, in business you make the best decision you can but there are still those who would rather you did it another way. For mine - that is behind us - again - I may be wrong - and often am - but now is not the time to take money off the table - for mine we are ready for the next stage of our evolution - the mellow stuff - and it is exciting - and I hope they get it out in the market soon - coz I wanna see those drongos at the Aust eat humble pie!
CMR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
