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Discuss the various junior resource companies within the McFaulds Lake Area

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Message: Monday morning thoughts
7
Dec 02, 2007 02:36PM

Good bye November, hello December. Good riddance, as Nov. was not a good month for our McFaulds Lake stocks. To get this downward slide turned around its pretty simple these stocks need good news from their leader Norant. It's almost been a month since  the last assays from the Double Eagle project and its becoming evident that without it, these plays are doing the slow bleed, as investors lose interest. The volume on the McFaulds Lake stocks tells the story. The good news going forward is we are expecting assays any day now, lets hope and pray, they are good enough to turn the ship around.

Things to watch for the McFaulds Lake stocks this week is of course NOT's expected assays. The news from NOT's head geologist Neil Novak that Hole #18 looks like #5 is excellent news indeed, if the assays show it to be true. Pivot point is $5.21 with support at $5.02, $4.89 and $4.70, key resistance points are $5.34, $5.53 and $5.66.

Also of note is the fact FWR has pulled core from the ground late last week. Keep an eye on FWR's share price to see if we get any clues from the visual front. Often, volume spikes will tell the future. If you see unusual volume and the share price moving up, a prudent investor may want to take a position on spec. This stocks share price is sitting on support and needs to break over $.25 to show us something good is afoot here.

BMK which is currently drilling is also a stock to keep an eye on, same goes for it. Volume and share price spikes may foretell what the drill bit will tell us at a later date. BMK's pivot point is $.71, with support at $.68, $.66 and $.63, key resitance points are $.73, $.76 and $.78 .

FNC has been taking a beating of late as investors now realize there will be no news from this stock on the drilling front until late Feb at the earliest. However, news from the EM surveys might catch the eye of investors from this stock. I plan on taking advantage of any further share price slide to pick up trading stock for the future. Pivot point here is $1.53 with support at $1.46, $1.43 and $1.36, key resistance points are $1.56, $1.63 and $1.66.

PRB is getting very little investor respect at this time. The volume here has all but dried up. Only thing that may get this puppy back on track is good news from NOT or possibly a good showing from the soon to be released EM surveys.

Best of luck to all the McFauld's Lake players. May a Santa Claus rally lead us going forward. 

 Al


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