<< You know teevee....I am not impressed with all the predicting of stock movement by daily chart readers either but it is no worse than exuberant hypesters. I think there should be a place to speak ones mind even if the majority don't agree with it. That is the ultimate freedom of speech. Canadians are big on that freedom. One never knows when something good or valid may be said which will give the astute an opportunity to learn. If one doesn't like it one needs only to ignore the post. It doesn't hurt too much. I do it lots of time ;) >>
Well said Ray! Take note that the "daily chart readers" accurately predicted that the run-up would stall and the stock would consolidate like it is now doing. However, it also should be noted that all of the "daily chart readers" also are bullish on WSP mid and long term! (except maybe JP, but I think even he has admitted that he retracement to .60's call is only based on "pure TA" and doesn't take into account any activities of the company.. which isn't realistic)
Those who are long and holding, and who believe that WSP will be worth $20, $40, or $100 some day always surprise me when they get so pissed off at people who are simply trying to pick the best spots to buy (so they don't buy at the high of a run)... Also, if people want to have "trading shares" and play the swings I also don't see anything that is wrong with that! ESPECIALLY on a junior mining stock! There are no gaurantees! Taking profits should NEVER be frowned upon! If teevee really believes WSP is going to be a big winner, he should just laugh at us for wasting our time playing small swings in the stock price. Our trading certainly won't stop the stock from achieving its true value over time!
That fact that "some people" here are sooooooo bothered by others pointing out that when the stock moves up too fast it will consolidate at a lower level than the peak (which is NOT a bad thing for the stock to do!!) just doesn't make sense! Nothing goes straight up!!
I would hate to see what would happen if there were actually some people here who were negative on the stock's future. Their opinions should also be valued, but I have a feeling that some of the people here would "attack" them because they don't tow the "we have a winner" line. ECharters is a good example of this - his salting theory actually made some sense when you compared WSP results to other NWT companies. The results did seem abnormally high. At the time he was making those observations, specific features of the geology at Snap Lake were not known (the whole cone dyke theory for example). I personally don't believe EC, but I will at least respect his opinion (and laugh at it as WSP's share price rises).
JP can be annoying as hell, I will admit that! EC has an attitude so unappealing that I prefer it when he isn't here.... but sometimes they say things that make sense (sometimes). You can skip their messages if you find them to be drivel.
I have done quite well by using the trading patterns of this stock to my advantage - however, buying and holding will also work for this stock if it has the goods. IF! There is no way to know that until after the drilling has been done. Taking some profits as we progress just removes some of the risks in a speculation like this.
Even though I love this stock, and I think we are all going to make a lot of money on our WSP shares, I don't ever want to see this thread just become a "cheerleading" forum. I don't want people to just pat me on the back about my "great decision to invest in WSP"... I get more value from being here by listening to others analysis of the company - either good or bad!
I have been on other threads where everyone was cheerleading... the share price was going to moon and the company could do no wrong to prevent it! With that type of "buddy" support system in place, everyone ends up holding the stock as it slips into oblivion when things don't pan out.
Hopefully WSP isn't one of those cases, I don't believe it is... but I'm also not going to "fall in love" with it... just in case the market starts to tell me that something has gone wrong.
Anyways... enough of my ramblings for now... best of luck to everyone.
Chad |
