The joy and peace of setting and calculating price targets is totally on display today. A favorite quote says it all:
"It is our practice to try to determine in advance where the next move will likely take the market. One advantage of setting a target is that it gives us a sort of backdrop against which to monitor the markets actual path. This way, you are alerted quickly when something is wrong and can shift your interpretation to a more appropriate one if the market does not do what you expect. The second advantage of choosing a target well in advance is that it prepares you psychologically for buying when others are selling out in dispair, and selling when others are buying confidently in an euphoric environment."
The current price action was expected. The "volatility" is a byproduct of the soon to be placed/priced secondary. I contend the secondary has been priced and that we will be PR'd after the market closes. You will be the same dim bulbs telling us you bought at this level. Well guess what... many of us are ADDING to our positions and have broadcasted it here. Further, we have targeted high prices already in place. So please continue to wail and moan... your cries will be soon muted.
<Had you listen to arch you would have bought <at 40 cents.
Which has nothing to do with the past month. I listen to all opinions, weigh them with whatever common sense I may have, and make my own decisions, and I blame no one else but me when I'm wrong, and I credit no one else when I'm right.
I cant imagine how many buy and sell opportunities ARCH has missed since .40
you are only as good as your last call. So you people bought 2 years ago or so...so what? You now ignore present facts and hold for a loss of nearly 40% and growing...great investment strategies!
One other thing I forgot that showed me that these guys have very little experience with secondaries. You also add a clause that they cannot advertise the offering until it is done. The CIBC release IMO was a signal to short the stock.
"and stakeholder, i'm quite convinced you're a fly on the wall...a distraction "
Let me see if I understand you correctly. Stake sold at 2.61 when 26 other posters questioned his right to have a differing opinion. ARCH, who has been pumping since 2.61, is down more that 1/3rd from the same point.
I think I'll listen to the fly on the wall, since he's at least making money, unlike the buy and hold forever crowd, who chastise anyone with a differing opinion.