Actually, what I don't get are the 'fraidy cats' who sell at the slightest hint of bad news...and where the heck to do they anchor their valuation?
At this point, I can only imagine that the valuations are just nothing more than "I made some profit, I will sell before I lose that profit, since after all this is an OTC stock."
That line of thinking in the stock market seems to be so pedantic and immature. Granted profit taking never hurt anyone, and even with all of your convictions, sometimes it is best to set aside theory and take profits to benefit yourself and your family. But imagine if everyone bought and sold stocks that way. There would be no fundamentals, no technicals, no nothing. It would be pure casino and not investing. Investing, in my definition, is looking for something undervalued (i.e. making a valuation and comparing it to the value the market gives it, and if the market values it for less than your valuation, then guess what? It is undervalued) and then buying it and holding it until you realize its true value.
But it does not appear to me that anyone here (other than the long time holders) is trying to realize true value. It's like selling willy nilly for no other reason than, "I'm afraid I may lose what I already made". Phooey.
Other than that, the valuations are simply not grounded in any fundamental anything. I've tried every which way to value this sucker, everything from probability of a large find reflected in the share price to figuring out the purchase price of this field based on nearby fields to simply calculating the minimum for commerciality, which is well over $2 a share. This stock is undervalued from all angles, even if those angles may be biased, still I am not able to find an angle saying this stock is currently over valued.
Without drilling results or a buy out offer, it is hard to value, I admit. But when something is hard to value does that mean that all one has to resort to is, "I made enough profit, the slightest scary thing mentioned by a message board poster is enough for me to take profits"?
Of course some will argue the opposite. Hope also springs eternal and it is also amazing that a mere hint of JDA updates sends this stock up. That is equally just as irrational, imo.
I guess what I'm saying to the board here is, "HEY YOU, get a little more sophisticated, ok? This is not poker, where the stakes get 'too rich for my blood'. No. This is not a casino, it is an investment. The valuation is the valuation, and even if the true value of this stock is as high as $100, then stick with it and don't bail just because you think $3 makes you 'rich enough'.
Of course, I have no idea whether the true valuation of the stock is $100 or 10 cents, but some kind of methodology other than just the ebb and tide of emotions associated with greed and fear ought to be utilized here, don't you think? After all, if greed and fear and no rational valuation or target is used then of course the board manipulators will have their day. Of course!! What else would you expect?"
Krombacher - BOO! I mean Money is good. I mean, BOO! (fear, greed, fear, is that the gist of this entire board?)
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