What is going on?, page-37

Well, I got in on the cap raise, not happy about the SP now either but it doesn't really change what the company is doing.

My research says the selling volumes are low compared to average volumes now so hopefully the sell down is near bottom.

I think what happened is this.... the SP rise took a while, maybe 6 to 8 weeks back around September and October .... lots of time for all sorts of people to get in, the followers of Tolga buying on emotion, the day traders staying for weeks ... then all of a sudden sentiment changes a bit as 3 bags in about 2 months is pretty damned good. Those who made bucks grab profits, those who joined the party late cut losses .... everyone's waiting for two things:-

1. The bottom (good luck pin pointing that)
2. News that sends the SP back up

The problem is, you buy in last month, err, you timed the bottom wrong so you sell .... because you are a share trader not an investor. Projects like this take years, what's the average from get go to production? Five years or so unless there's a buy out.

Now the bottom is likely the minute before the positive news, so we wait. Patience is the key.

I bought COB on 4 August 2017 for 0.19
I sold COB on 3 October 2017 for 0.17

What an idiot I was eh, what's COB today? 0.65 .... 3 bags gone as I didn't wait.

When good things happen you have to be holding or stuck to a screen every day like the pro traders to jump in, but some have to go to work and hope things are ticking along as planned with the shares they bought.... I think this MEI company is onto something with great cobalt results.