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Gold/Mining/Energy : The Molybdenum Discussion Board
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From: terry1014/16/2007 11:07:14 AM
   of 3267
 
This will be an exercise in curiosity today for me!

There was an after hours trade placed after close Friday at about 12% lower. Problem is: it was only for 600 shares!

This is a common tactic used by MM shorts to cause panic and fear in ignorant investors over the weekend. Ignorant in that they have learned some theory cliche about after hours trades without learning the interpretation of its meaning. Day trading was never meant for "Texas Hold-em newbies". It is like giving guns to bored children to play with. There are too many of these people coming on line nowdays.

There has been no news or developments from/about SUF to cause this. I am "curious" in that I am still learning how to evaluate the effect of these clueless lemmings within my GENERAL investment philosophy of picking investments with the intent to hold them for at least 1 year.

(It takes a very significant improvement in overall gains to make up for the (US) short term capital gains loss of selling in less than 1 year. I have not yet learned enough to make short term investing worthwhile as a general practice.)

"Curious" means that I am still committed to holding long until I see a fundamental reason to change that is worth the long term capital gains loss. But this gives me the ability to look with curiosity, rather than fear, at todays "herd psychology" of the week-end stock warrior to see if there is anything to change.

On with the game called, "Life". (And have to take a look at that Sprott fund.)

Best,
Terry
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