"Hello All"
It's been a long time since I posted on this board - March last year in fact. However, with the greatest of respect (and a genuine willingness to share some trading knowledge) I felt it prudent to "re-birth" myself.
Sadly, many of the postings on here continue to mount to little more than "naive, misguided, ill-informed, baseless" rantings by people who (IMO) would do themselves a far greater service by TAKING JUST TEN MINUTES A DAY TO STUDY THE ART OF INVESTMENT AND THE RULES OF ENGAGEMENT THAT ACCOMPANY IT.
Many of you - and you know who you are - spend ten times as much time on here than your own kids spend on Facebook!!!
While it makes perfect sense to have a forum such as this for the purpose of discussing various aspects of the company's progress (or lack thereof), it makes absolutely no sense whatsoever to sit mindlessly at your computer, hour after hour, day after week after year, WATCHING, HOPING AND PRAYING that "the next tick will be green!!!"
And it makes even LESS sense turning yourselves into a bunch of emotional cripples each and every time the market has a 'healthy' correction.
I can count on one hand the number of posters on this forum who have taken the time to actually acquaint themselves with market behavior and the "ins and outs" of technical and fundamental analysis.
Interestingly enough, NOT ONE of those folk EVER bitch and moan about the often prolonged down-trends that have afflicted this stock since time-immortal.
Why??? Because they UNDERSTAND that every stock on every exchange in every country since markets first began, FLUCTUATE UP, DOWN AND SIDEWAYS in bull markets just as they do in bear markets.
Equally, they seldom if ever get "wildly hyped" on those (all too seldom) occasions when the stock does what it has done over the past week.
Why??? Because they're ASTUTE enough (through nothing more than a little acquired knowledge) to realize that after five days of near-vertical trending, the RSI, slow stochastics, momentum indicators and MACD (Moving Average Convergence Divergence) indicators were in "horribly over-bought" territory and that the ONLY POSSIBLE short-term outcome would be for a 'good old-fashioned' correction followed by several weeks of volatile sideways range-trading (on decreasing volume) that (hopefully) formed a classic BUY FLAG.
That's when fundamentals step in (i.e. news release/s) and, depending on whether they are POSITIVE or NEGATIVE, the validity of the BUY FLAG will be determined one way or the other.
That's when - if the news is powerful enough - we wake up to ANOTHER turbo-charged move to the heavens and beyond.
Girls, guys and kiddies... it's just the way the market is!
PLEASE PLEASE PLEASE stop with the moronic predictions re future share price targets, tomorrow's market moves, the reasons for today's down trend, etc. etc. etc. :(
TP-Planet unwittingly crystallized the futility of prediction-making early yesterday (Tuesday) when he steadfastly announced to all and sundry that he was "convinced that the market would power northwards later in the day, once the profit-takers had left". NB: Not his words exactly but definitely what he meant.
To those of you who have belief in this company and who have been astute enough to buy in at levels far below where we are now, ask yourself this:
Are you in this for the long haul? If so, you have absolutely no need whatsoever to spend countless hours each day watching this stock - let alone morphing between a state of "orgasmic euphoria" and "one near-death experience after another!!!"
If your investment goal (and you sure better have one) is to BUY AND HOLD, then on the assumption that you've done the BUYING, what part of HOLDING has anything to do with "bitching, whining, blaming management, blaming Eversull, blaming 'shorts', blaming Ed, and blaming each other" for the hour-by-hour, day-by-day, week-by-week nuances of the market??????????????????
Lets face it... when you plant seeds in a garden, do you:
a) Spend 8 hours a day with an electron microscope, anxiously studying intra-cellular mitochondrial activity in each and every nuclei of each and every one of the seeds you have planted... ever-terrified that they might stop growing... and feeling helpless and powerless to do anything about it until they either die - or survive? Or worse still, harvest the plants at the first sign of bad weather REGARDLESS of how immature they may be?
...or do you:
b) Take the time to work out which part of your garden would make the most sense to plant the seeds (due diligence)... plant just before or after rain (market-timing)... weed and maintain it on an "as needed" basis (market-watching)...let nature take its course re the wind, sun, rain, hail and shine (market-trending)...and finally reap the rewards with a rich and fruitful harvest when your plants are ripe and ready (Market-selling).
If, on the other hand, you are a SHORT-TERM TRADER... you are looking to 'trade the swings' (of which MZEI has no shortage). And once again, it's all about "market-timing" (both on entry and exit) that will determine your profit or loss, not the actions of management or anyone else!
If you go to Google and type in: "basics of stock market investing", you will discover approximately 142,000,000 results for this keyword search term. I put it to you that for both your emotional and financial state of health, you spend a little more time understanding the behavior of the environment in which you're trading...and a little less time "doing your heads in" on this board.
Given that "constructive, informative, positive, rational" discussion goes a long way to helping visitors to this board in their due diligence process (and may well ultimately influence their decision to BUY), I hope that this post will make a few of you (or even one) look at this whole investment business differently - and in a way that will lead (maybe) to far more constructive and informative posts than some on here that I have seen lately :)
All the best :)
