Everything in the market is speculation, to my way of thinking ... very dangerous to use the term 'investment' with all its connotation of security and stability ... even the term 'security' when they mean stocks and bonds - geez how did they ever slip that past the fraud-language police, it's from the latin securus, meaning 'safe' ... oh wait, there aren't any FLPs, right then ...
The girls and i have gotten 24k of the .085s on the canuck side this morning ... in the US the .066 level seems to be getting defended, so no luck there ... i just scanned most accounts, nowhere is svb/svbl over four per cent yet, and only that because i've been buying for a few days, started out slow and now probably gonna peter right out
Chart ugly, oh yeah for sure, that's what puts the wind up my kilt ... thinking back to other times, late '08 for instance, got filled on .13s and then was instantly near twenty per cent underwater watching it print .11s ... couple years later, Coeur was taking an under-market PP for four bits
What's happening now, is the reverse of the north-bound speculation that came in advance of the Amex up-listing - people figured that hitting the bigtime would mean moon launch following, reality was a pop in anticipation, then fizzle when it happened ... they're thinking now that, oh migawd scarey-boo, it's a downgrade to the bulletin board, all is lost ... forgetting that the time it was printing 5.71, was on the bulletin board, in an era when that place was tainted by all sorts of non-reporting crap ... shareprice action takes place in expectation of events, not in remembrance of them, the past is irrelevant - it's all some sort of variation on, 'Buy the cannon, sell the trumpets' |
