Rajen I will quote an excerpt from a post about market makers that FullMoonFever posted to the STT thread this weekend:
"The savvy long-term investors never chase stocks up. For the most part that is momentum players and daytraders where most of it or what follows is dumb money. Instead the long-term investors use a couple of simple strategies in order to position themselves. One is to find a stock no one immediately sees has huge potential and accumulate. Long-term investors are not interested in trading against the public mind or the dumb money. That's where the majority of the money can be made but even more can be made if the base of a stock is held extremely strong by investors. However the second is not to doubt the research which is the underlying basis for going long and holding."
Now, only time will tell whether STL proves to be profitable for the "savvy" long term investors already on board, but one thing for sure is that patience will be required - yes it would have been nice to see the SP in the 4's by now but a lot of these small cap stocks end up taking longer than expected to materialise their potential returns (if they do). I don't think anything is gained by impatience here either patience is backed by confidence in your own research of decisiveness is required to acknowledge your thesis was wrong and it's time to cut and run. Only you can decide which way to go.
Cheers, Sharks
STL Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
