Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Today I will unveil a fact about the market that has always existed. Investors, or who are really, Pump and Dumpers, keep the trash on AIM alive. I know my colleague Doc Holiday has penned a bull piece on Astar Minerals (ASTA) and I respect him deeply, but I just cannot agree with his call at the 2.3p share price now. He is up hugely on his tip so he was very right. Astar is being priced at £3.1 million, when in any bearish market, or any market where pump and dumpers are hopeless, the company would be long gone, in the ditches. Sayonara Astar.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
wildrides
I dont value Mr Hollidays work ….. infact his call to sell LGO sealed it for me. That sell call came Just as the company LGO was breaking into its stride with a huge amount of genuine money making news to come …… crass in the extreme . He has a grudge with the chairman and that was obviously at the root of it . He seems to be the conductor of an army of pump and dump followers judged by the way the share went off a cliff after his sell call only to climb back up after a few days .
catempire
James – your calls are complete toss… I have no idea why you have any credibility or are even allowed to post on this website… you shagging Tom?
The sell calls on QPP had some credibility but your sell recommendation of MSMN calling a price on what it was worth at 10p haha you havn’t got a clue… what was your valuation based on?
WSG went all the way to almost touch £1 last year based on the fact it ‘might’ get a contract…
A bit like ASTA and MSMN they ‘might’ get someone rich…
Grow a pair and stop feeding your own pockets with your own personal motives you seem like a very bitter man!
ATB with your positions.
James Parter
Dear Fatempire,
I called MSMN down to 10p, which it got to. Therefore my call was vindicated. The later oil strike was pure luck and only gamblers would have made money. You must have missed my #NTOG, #MATD, #LGO, #EDG, #GWMO, #OEX calls. All in the money big time. I dont get them all right. Cite the ferret. But #ASTA is pure junk status
James
(p.s. Im growing a pair right now)
David
The oil strike was not pure luck James.
Nothing is ever guaranteed, but the fact that there was oil found in a previous drill 20 metres away away from where MSMN have just found oil means their find was far from the ‘pure luck’ like you suggest. Indeed, Gary Newman had the intelligence to figure out that MSMN was a ‘safer better than many other companies of similar size in this sector,’
It was a bad call James, you got it wrong.
wildrides
Catempire
You should be banned from posting on this site for suggesting Mr Parter is indulging in sexual activity between males with Mr Winnifrith.
Good god man , that is going to far ….. have you no sense of decency and decorum . I was just eating my afternoon tea and biscuits and that imagery I could do without . My cat got sprayed with a mixture of earl grey and masticated borbon and is not speaking to me ( yes my cat speaks to me )
catempire
James
I appreciate you taking time out of your day to reply.
I think you should take a little more time to think that all investors have a different approach to investing then yourself… Yes you called MSMN down to 10p and it got there (with the help of your very un researched article)
I think you will find that the MSMN oil find was not in the slightest pure luck… it was almost a given… There is a slight hint in the name of the land ‘petroleum creek’ … just a mildly obvious hint that would be very easy for yourself to over look during your due diligence.
Had either of your Blogs had a bit more substance then maybe then the market might be giving you a little more credit…
You have been pulling numbers out of thin air and sadly for yourself the market is always right (Not you) … MSMN was all ways a speculative play, as is ASTA but they are still rising.
Have a read up of ASTA and do a little more Due diligence and yo might even join the rise… I am pleased that people are following your calls with very little credit as the ‘bb posters’ (which you won’t name) made a far better call then yourself.
If you don’t mind me asking…
Did you buy VIY before suspension or even DUC on an over inflated share price?
Cat
PS: Wildrides, they moderate the post before it goes live. Democracy.