AR,
Where is all of the optimism? Where do you think all of the buying came from in the last few days? Look at the increased volume forcing the price up through the $3.50 and tell me this is not "optimism"!!!
In the battle of supply and demand, DEMAND(optimism) buys the stocks and SUPPLY (pessimism) sells the stocks. Look at your Post #479 where you admit to "selling some of your position" (which by the way I think was a wise move) was that the actions of an optimist or pessimist?
In the following quote taken from your post #479, I would like to make two comments.
"The train was just getting ready to leave when the conductor saw PAPPY so it slowed down to pick him up. that is about the only way i can explain what happened it is not very technical but then the fundamentals seem to be way over powering here".
Comment No. 1. Your analogy to the train leaving (analogous to LCAV going up in price), you infer that Pappy's getting on board was the right thing to do; but by your own actions in "selling some of you position", aren't you in affect "getting off of the train"?
In the second part of your quote, "that is about the only way i can explain what happened it is not very technical but then the fundamentals seem to be way over powering here". AR, this speaks volumes on your true feeling. The upward price move of LCAV was not very technical (or technically correct) but when the fundamentals (assumed good fundamentals) seem (or perceived but not proven) to be way over powering here" This statement is a paradox in that your actions speak louder than your words. This is borne out by your next statement, "Actually we are starting to behave like normal trading stocks buy on rumor sell on news."
Comment No. 2. AR I'm not saying that your actions in selling were incorrect. What I am saying, and please don't be offended by what I say, too often what is written on these and other posts is "HYPE" which is designed to cause others to buy or sell stocks on hope and fear. This "HYPE" not frequently fundamentally or technically correct, causes the hopeful ill-informed investor to behave like the children following the "Pied Piper" (of Irish Lore). There is enough trouble trying to figure out the future action of a stock without having actions of ill-informed investors wandering around like lost sheep.
I know it is difficult not to give advice to other investors, but some times it is the prudent thing to do when our motivations are in question or based on guesses. AR, I have grown to trust your technical advice and depend on it, please don't "cloud the issue" with useless HYPE".
I tried to access your referenced URL, but it wouldn't work. I did how ever see the news release on another Web Site. Thanks for you very good posts, you have been one of my favorite sources and I count you as a friend.
Harry |
