Thoughts about accumulation:
Moneta's now .25 canadian. on few trades so far today.
the last 2 month gold and silver index
shows down substantially, infact today it is 73.50.
practically 1/3 down from 110 just weeks ago.
experts said start accumulating mining stock when
it bottoms at 80 to 75.
i noticed moneta following this decline in a more volitile way (down)
from an already unnatural low of .35 as i held off. i was sure it
would go up due to investor insecurity in responce to general market
termoil that developed when japans market strained,
yet, news sources started gold bashing to force the uneasy money
into bonds instead. i caught on early enough to let the bashing
do its dirty work and enjoyed watching the mining companies prices
stretch downwards like rubber bands! then got in at what i thought
was an appropriate time to begin. this became the dip i said
i was looking for previously.
i have noticed only a scant attempt to accumulate in monetas
case so far. big shots will perhaps hit and run periodically
to do so, when the dissapointed little guys feel the need
to dump. these exchanges will be at the bid, not the ask,
for the price to remain down long as possible. the extended
low prices will encourage the next run of dumpers. the
goal now is to maximise accumulation at the lower price.
they will sell back after the little guy becomes buisy
raising it.
the bigshots have a vast number of possible companies to
gather interest in and will be leveling the field,
so to speak, working the best deals only. moneta, with yesterdays
.07 advance, naturally falls out of category till it
drifts back down to requalify. but over all the new roll
of accumulator should tend to give each market churn
a slightly higher low with reguard to targeted mining stocks.
all in all, i don't expect the bigshots' activity to occur
on the up days, but it will be a comfort knowing they are
there, none the less. though they would have us believe
buying mining stock is a painful thing.
dave |
