Re: How remarks come back to haunt
in response to
by
posted on
Apr 07, 2008 08:59AM
Discuss the various junior resource companies within the McFaulds Lake Area
Hi Notie Girl,
I always recommend playing with stop losses. I don't believe NOT will go under $5 here but it could. There is a gap on the chart around $5.05 that might get filled. A share price drop under $5 would tell me something is very wrong in NOT land. I do not believe this to be the case.
NOT is one of the best spec plays in the mining industry. There is tremendous upside potential to this stock. But it is going to take time for this to play out. NOT needs to trade on facts not pie in the sky valuations posted on the various internet forums. NOT is currently trading in the $5.30 price range because that is the value the market has placed on the stock with current facts. Of course these facts could change tomorrow on assay results.
Al