Richard, Ken, George, Ron, Terry, Franck, etc., I've been up to my
eyeballs today in Phase II of the Estate Sale, DAY 4 (days 1,2,3 held 3 weeks ago)What a chore!!!
I saw how the stock opened and just shook mah ole greying head! Then it was off to the rest of the house and the east wing to answer questions, wrap purchases and cart stuff out to others' cars and smile because I don't have to look at all the "its" anymore!!! Tomorrow is Day 5, and then we get to do it all again in about 3 wks, as the rest of the dreaded boxes crowding out my 3rd car in the attached garage loom larger than life. Even #9 is tired!!!
So, I guess I've missed the hand-wringing both on this thread as well as the tick by tick box seats that real-time quotes on an unblinking CRT gives a trader/investor.
SoOOOOoooo, here's my take.
I think it is truly obvious that most on this tread are from the brokerage community. The lingo running through these 51 some posts since last night is unmistakeable to one who has "been there/done that."
With that being said, I now know who more of the players are and
where they are coming from. Collaborates the bullshit detector
sounds that have been ringing in my ears from some folks who are more concerned w/style than contents.
With that being said, I will keep my comments brief, both due to my exhaustion tonight, and my desire to weigh in, firmly on the side
of my newest gold holding.
Many reasons to sell, only 1 reason t'buy; true for mutual funds' managers ALSO.
Yorkton Securities is under intense scruitiny acc'd to the Financial Post, and may be involved in this "untimely selling pressure" from the viewpoint of shareholders, theirs and ALL resource stocks. When Ken was counting VSE scandals, I don't know if the latest, SERIOUS flap re: Yorkton is a BGO factor or not, but they ARE part of the reason for the VSE sell-off FMPOV! Makes the scathing, sarcastic indictment of Nesbitt Burns' Analyst who has "goofed before AND now" re: BGO ring truer in this O/49r's ear than I can adequately express.
Furthermore, the "market place" has a way of punishing mavericks, and all in the biz think that Clive Johnson is one of the mavericks, for doing it "his" way, i.e., the way that makes sense to the company even if it doesn't placate the short SHORT memories of the traders who provide market liquidity by their myopia. The references by others to Refuse-to-Go Refugio are timely and accurate FMPOV.
Final thought, everyone wants a winner and so few are willing to pay the "methodical price" that Ken Benes references. I've decided on my course of action, E&D plays that have proven up reserves via drilling,
and am unswayed by ANY myopic knee jerkin' stock jerkin' less than 24hrs later.
Those who want to see how the real world in VSE operates, owe it to themselves to read the Financial Post article, Search Keyword: Timbuktu.
O/49r |
