I was out yesterday afternoon, and as a result, I missed the action. From the sounds of it, I'm glad I did. Wanting the stock to go lower, in order to buy more was only fun for a while. Now it is time to see this stock move to where it should be.
I posed that question to the company about not wanting to see the share price get too far away from the price Vanenburg did their financing at. The strength of the denial was very evident and plausible to me. I believed what I heard, and I have to discount that as a possible reason.
If you take a look at the drop over the past few days, it has been on low volume. The majority of share holders are not letting go of their shares. From the low volume drop, it tells me that several people who were holding short term shares may have been expecting a strong move upward and they dumped when it didn't happen. With respect to the longer term shareholders who may have sold recently, I believe that they may have felt that they did not want to wait any longer for the stock to move higher. I can't speak to the short term players, but I strongly urge any long term holders to stay the course for a bit longer. If someone sells now, it could be an action that they will regret for a long time.
From my perspective, all the pieces are now almost in place, and the company is so close to pulling it all together. When they do, I see the market paying very close attention and scrambling to buy our shares.
As always, this is just my opinion, so take it for what it is worth.
Crazy Canuck |
