Hi, Wolf - Great post. It pretty well encapsulates my thoughts on DMX.
After a month of reviewing almost two years' intermittently dejected, confused, elated, and impatient posts on the boards, I can't help but feel the present distribution (and consequent price depression) is a great investment opportunity.
Many have refused to accept what the TA is saying on this stock: it is absolutely, undeniably in distribution, and furthermore, it appears that the amount of the draw is in excess of $6M, Cdn.
I'll go further: the 3 A's have learned to modulate their selling to the point that they don't kill the Golden Goose.
The key indicator has not been the selling, but as pointed out previously, the volume.
I'll post some cumulative figures on SH, because HTML is not supported here, but this chart tells the story...
stockcharts.com[w,a]dallyimy[db][pb50!b60!b70!b80!b90!b100!b20!b200!f][vc60][iUd20!Ub14!Ll14!La12,26,9!Lp14,3,3!Lc20!Lf]
One can never be cynical enough, or careful enough, in investing. The more I examine the potential, the risk/reward, and anecdotal evidence (ie., use of DMX's therapies in uncontrolled environments) the less contrarian evidence I see.
The legacy of frustration and disappointment, IMO, is distorting appraisal of the facts. Despite my wish to exercise caution, I'm fighting the desire to buy more at these artificially low prices.
By accident or design (and as others have suggested, I'm not so sure it is an accident) a unique buying opportunity is being presented.
Regards,
Jim |
