Charlestowne Premium Beverages Inc. (FPWM)

[otterman]

Why do people get so hung up on small, short term price movements? The PTI chart for the last 5 days, 1 month and 3 months is relatively flat. Even the 6 month chart is flat, although a little more animated between .05 and .11. Until we break out of one of those ranges (either up or down) then nothing is happening. I see this on so many boards. Someone gets excited because a stock goes up 10% one day, usually for no reason, sometimes on a weak PR, and then falls back a few days later (or vice versi). Unless youre actually 'trading' then it means squat, especially when 10% = 1 cent or 1/10 of a cent (depending on the value of the stock) and never goes outside of that range. Unless you own a huge amount of shares, it really aint worth getting excited over.

If youre in it for the long run, then even PTI going from .05 to .10 this year is meaningless. Youre probably looking for $1, $2 or more (especially those who have been around since those prices were valid). If youre waiting for it to go bust, well then youve been waiting the same amount of time that the longs have and are no closer to going bust than longs are from hitting the jackpot (sheet, Nortel went from $125 to less than $1 and its still around). PTI is not currently showing any serious signs of moving in either direction. Probably the most valid argument is hasher thinking that we will see .05 again in December, but that has little to do with the state of PTI and more to do with the time of year. Can you say buying op? (Yeah the timing of the latest PR was a bummer too, but holding it till mid Jan would only have brough more questionability.)

Im not picking on this board in particular but it make as good an example as any. Actually the thought to write this stemmed from another board where everyone jumps (more than hashers sheep) with every little tic of movement. Seems we have a lot of seasoned investors here(although I think we've all jumped to conclusions incorrectly at some point:) so I just thought Id ask. Is it just rookies getting excited? It drives me nuts.