Hello Rick,
With all due respect, a couple of points:
- The "unrealistic expectations" have been built into this thread by the many long-term believers. The fact is that there is no diamond-bearing kimberlite anywhere in the world yielding valuations over $300/carat. teevee will confirm this. $180+/ton ore is wonderful, and would have helped the share price, except that expectations were too high. So good news was greeted by selling. My guess is that traders bought stock at the lows of Monday and Tuesday. You, as a long-term supporter holding out for much higher prices should welcome such opportunities to scoop up more shares "On Sale".
- The volumes, over the past several weeks, would indicate that many "lemmings" have been on the buy side, and the sell side. Use your abilities to determine how you can benefit from this, as it will happen again, your pleas notwithstanding. One of the reasons that WSP has such a large market cap is the liquidity it offers to short term traders. And the volatility certainly attracts more liquidity and traders, part of a vicious/beneficial cirle.
Hope that helps,
Confluence
PS What does DSP have to do with trading/buy and hold? |
