I'm sure most of the trading activity is profits from the Canadian Venture exchange high tech companies landing in the high risk junior exploration stocks.
Don't forget the people myself included that invest in the high-tech companies want quick bucks, I can't wait around for the long term, I might be dead, and the long term is for suckers.
Look at all those Mutual Funds suckers. They got doped into buying Mutual funds buy the truckload a few years ago and now you can't give the stuff away. All those mutual funds buyers just padded the pockets of the banks and financial companies. Now most funds and especially Canadian funds have under performed during the last 5 years and people are starting to smell the coffee.
There is no long term, make as many bucks as you can as fast as you can and keep your powder dry for special situations, like MillCity.
The way I see it and trust me I've been wrong many times;
1 - If Suf spends 1 million exploring Yamba Lake in 2000, MIY should go to .30
2 - If Suf spends 3 million exploring Yamba Lake in 2000, MIY should go to .50
3 - If Suf spends 10 million yada yada yada, MIY should go to 1.00
Why, because SUF knows how to find diamonds and this expertise has been overlooked in its stock price, up until the last couple of weeks.
Why are they spending all this money, desperation that they will spend hard earned cash on any old property?
O'contrair (pardon my francais)
As long as they like Yamba Lake, and spend real cash, MIY deserves to be treated with a little respect and I think the smart players are taking their positions.
I have mine and my friends have theirs and their friends have theirs.
Good luck everyone, keep those high-tech profits coming,
GO CDNX GO CNDX |
