SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Naxos Resources (NAXOF)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jas singh MD who wrote (7676)12/29/1997 7:35:00 PM
From: GlobalMarine  Read Replies (2) of 20681
 
Jas: IMO, I think everyone should care about the current stock price, short sellers or not, because at any moment in time, the bid represents the realizable value of said shares. Even if one has a long-term horizon, one still wants maximum value of said shares in the short run, because your current wealth is represented by the current stock price. Why is this important even if you have a long-term view? For instance, supposing tomorrow one has a car accident and must sell Naxos shares at the then market bid price to pay for medical and rehab bills. One would obviously desire a higher stock price as opposed to a lower stock price.

Given that we don't know what's happening at Ledoux, we naturally look to the stock price to provide clues (however speculative and imprecise they may be) as to what the real deal is. This is especially so since the stock price action has tended to precede fundamental news this year.

I'm sorry if I sound cautious, but IPM made me do it! :o)

Rand
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News