Having a bit of difficulty finding a post to reply to, so chose this one as it follows the theme for my thoughts this evening...
- Not going back to find specific posts, but it was funny to hear our naysaying friends say that they don't hold a position in SPNG, but are only here to warn shareholders about the evil pumpers.
- I have bought stocks and seen others with pumping activities and believe me, their tactics are smooth but very transparent once you know what to look for. Typically, there are three or four "pumpers" that talk all night about upcoming events...ie: the 43-101 assay report due any day, that LOI is about to be signed, etc. etc.
- They do a two or three day pump job after having already bought their shares. They are good and sometimes pump the stock perhaps from .01 to .05 or so in those couple of days. Once they are convinced they have enough true "sheep" on the hook, they sell into all the buys and are never heard from again. They simply move on to the next company. These pumps are usually associated with several stock promoters being paid to pile on the "sheep dip."
- That simply does not happen here. Soapy has never pumped a thing. z4, carpe, opus, spino, and many others, along with myself to an extent, are avid shareholders who still believe there are good days ahead despite the current 10K fiasco. I assure you, if you have ever seen a true pump, you would know these people are not pumpers in any way, shape, or form. Do they want you to hold and buy? Of course!! The stronger the SH base, the better odds the SP continues to rise.
- Do I blame anyone for selling? Absolutely not. Everyone has a certain level of tolerance, and we all bought in at different prices. This is just me talking, but I have a certain method of trading and can tell you we are at or very near a low and subsequent reversal. So if I was going to sell, I personally would have waited for that reversal to maximize my profits or lessen my losses...but that's just me.
- I did not expect to see a huge SP increase just yet anyway, and the late 10K filing will push that timeframe out a bit now. I fully realize I could be trading in and out for the past few months, but have chosen to instead hold and buy on dips. My earlier gains are realized, and my current gains are unrealized, so I wouldn't sell while in this trough right now anyway.
- My final thought runs full circle back to the naysayers. Whether traders or shorts or working for shorts, and no matter this company or others, here is where my naivete is fully exposed, because I cannot for the life of me understand how people can talk down a company in the hopes of driving down the price of a stock. I am confident enough in my trading abilities to know when to buy and sell without using these tactics, and if I shorted a stock or had put options, I would hope that I had done enough research on a company to have a good idea that the price was going to drop without trying to convince shareholders to sell in order to cover my position.
- I suppose if big enough money is involved and/or the intention all along was to never cover a short position, that greed wins out over ethics for these people.
I wish you all good luck in whatever your decision is and leave you with this...have you noticed the number of naysayers these past couple of days? Much more than our normal two or three "regulars." Well folks, they are not here to save you from losing your money.
That's all for me tonight.
AI
