Tuesday morning thoughts
in response to
by
posted on
Nov 27, 2007 03:30AM
Discuss the various junior resource companies within the McFaulds Lake Area
Best thing to say about yesterday for investors is to just say, at least its over. The market so far in November isn't for the faint of heart. Its certainly tough on the nerves for the buy and hold investors. If the bottom hasn't been reached yet, its certainly close.
Lots to look forward to for holders of stock in the McFaulds Lake plays. EM surveys should be out this week and assays from NOT expected any day now. Rumours are NOT may be releasing assay news as early as today.
Yesterday I sold NOT at the open and bought it back at the close. I had the jitters that NOT would get sold off along with other stocks in general. The throw the baby out with the bath water syndrome. Of course in hindsight we know it didn't happen. In fact NOT held up very well yesterday compared to other stocks, certainly a bullish sign for the stock in the short term.
For today:
NOT: pivot point $5.12, with support at $4.88, $4.72, $4.48, resistance is at $5.28, $5.52, $5.68
FNC: pivot point $1.71, support at $1.61, $1.55, $1.45, resistance at $1.77, $1.87 and at $1.93
BMK: pivot point $.74, support at $.70, $.65, and $.61, resistance at $.79, $.83 and at $.88
Good luck to all McFaulds Lake stock holders.
Al