Wednesday, September 12, 2018 10:54:05 AM
That's why sellers aren't sending the stock plunging. People are selling because there is no news. But other people are buying because there is no news, and they want to be in, before a news release sends the stock sky rocketing.
Maybe the sellers think that they can get back in once there is a positive announcement, such as a joint venture agreement with a major mining company.
They overlook that there may be no news because the company is negotiating behind closed doors. And who knows how many people are in the bidding?
Once a major announcement is made, the stock will shoot upward, and they won't be able to buy back in anywhere near the price that they sold their stock.
Of course, if the announcement is bad, the stock will drop so fast that we won't be able to get out anywhere near these prices. However, everything looks like any announcement that we have, will be positive.
And so, I am positive, absolutely sure, that we might have a positive announcement.
Harumph!
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