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Alias Born | 12/04/2009 |
Wednesday, May 19, 2010 1:07:11 PM
We have BGEM and LYJN as examples of well-established, high-profile, profit-generating PK companies whose big announcements do squat to the share price. That puts investor behavior on center stage--- most of whom in PK-land have attention spans of an ADHD kid on speed... and whose decisions are more informed by what other PK-investors like themselves might do, than in core value/potential of the company....
For a company with true/solid fundamentals and profit-reality/potential, the PK gypsy investor moves on... and in a period of time, with the right news, the security can become like the favorite toy they once lost and rediscovered... only with an influx of folks who recognize longer-term, higher potentiality.
So I'm betting (hoping/praying) that this thing is bare-bottom, that folks recognize enough short-term potentiality not to sell for a loss... that this will stabilize above this current level, and be poised for rocket-rise on profit-oriented news.... The announcement today could be interpreted as a pump, lacking substance, but I think more fundamentally it demonstrates real interest by management in engaging investors on potentiality of new acquisitions, particularly in light of the gold-industry climate....
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