Welcome To The Inspiration Mining HUB On AGORACOM

The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.

Free
Message: ISM TA
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Re: ISM TA

in response to
ISM TA
by
whaler
posted on Jan 11, 2010 03:47PM

Nice to see some easing or settlement

I would think now that the Micon news has been out and about for some time and had the added time of a weekend for investors to digest, that the selling and buying today would be based more onthe reading than what we saw Thurday and Friday.

As such most stocks retrace as a rule of thumb 30% ( each stock will vary of course) after a run up. We saw the stock run up in anticipation of the Micon reports being released. Note the market open's volumes compared to "after lunch" volumes. Those who do want to buy tend to watch and see where it is going on the day.

http://stockcharts.com/h-sc/ui?s=ISM.TO&p=D&yr=0&mn=6&dy=0&id=p18176723480

We have had decent volumes in January and to those who question TA or have their doubts about technical analysis when it comes to thinly traded stocks, this stock is far from being thinly traded as of late.

It will be interesting to see where it settles out.

Today as it sits we are at 681K and LT is .57

PRICES
Date Open High Low Close Volume Adj Close*
8-Jan-10 0.62 0.62 0.59 0.60 488,900 0.60
7-Jan-10 0.73 0.73 0.59 0.62 2,088,800 0.62
6-Jan-10 0.81 0.84 0.78 0.78 173,100 0.78
5-Jan-10 0.76 0.87 0.76 0.81 256,800 0.81
4-Jan-10 0.70 0.76 0.69 0.76 279,800 0.76

Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply