Mike,
As a long term lurker and first time poster on this string, I have to agree with you.
(1) When the trash starts, it usually indicates fear on the part of the "trasher." Perhaps they are short, perhaps they're hired guns for a MM... or maybe they're just plain altruistic and benevolent trying to help their fellow investors <VBG>. Believe what you want, submit facts not garbage, but I don't believe this or any other string is the place for mud-slinging... particularly personal attacks about other stock opinions. MINE is a speculation and in my opinion a good one. The insiders are now too public and under too much scrutiny by the powers that be (ie: the public and the government agencies) to mess around... unless they like a jail cell or a massive class action suit.
(2) I had the same experience buying just 10,000 shares yesterday. Put in an order at $.40 waiting for it to dip down. It did and stayed there for quite a while, but my order wasn't filled and the bid started up again. In fact, my RTQ was showing bid .39/ ask .40 at that time. In other words, my higher bid wasn't even reflected! When I called my Schwab 500 team to find out why I wasn't filled and why my bid wasn't reflected, they had no answer. I called back a few minutes later as the bid kept going up, and was told they (Schwab) would check with the trading desk. About 2 minutes later my order for 10,000 was filled at $.40 while the current bid was still at $.43 and stayed there for a while. What's my point? Schwab owns MASH who, I believe makes a market in MINE. So don't let anyone tell you the MMs aren't playing with this for all it's worth. A very good reason as to why I never place a market order!!
Do I think MINE will make it big? Yes!! Tomorrow? No. Did it ever dawn on anyone that the majors (who are probably already looking at MINE) also want the stock price low. It's common practice so they can buy control or the whole thing for cheap. I've been playing junior golds for many years and lost some and made some. Claude is right about the price of gold stocks in this market and he's also right about the DD really necessary to "prove" reserves, economics of mining, etc., etc.. On the other hand, if you want the big money, you buy cheap and put it away until the facts are all out... one way or the other. MINE is not (IMHO) a trading stock. I don't see MINE's management hyping anything. Perhaps just the reverse. Go back in the posts on this string a few weeks ago and look at all the complaining about their delay in publishing the reports.
Just as a last comment. I bought a block of Diamond Fields a few years ago for a little over a buck... based on diamonds, not nickel. I bought more at $16. What was my main motivation? David Friedland... probably one of the best deal makers and promoters in the PM world. Did he hype the stock? No. He let the facts come out as they always do. The stock went up, the stock went down. So what! Everyone knows there are traders and MMs playing all the time. Did I sell? Yes. After a 4:1 split and a buyout by INCO I sold it all for a 3000%+ gain. Do I think MINE has that same potential? I wouldn't be long the stock now... would I? And my stock is not for sale. If some want to trade... good luck to them, because if and when the validation everyone is looking for comes out, they'll be paying (IMO) a much, much higher price.
Sorry for the long post.
Best wishes to all,
Marty |
