Tuesday morning thoughts
in response to
by
posted on
Oct 30, 2007 02:38AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
One bad day in the stock price and the thread falls to pieces and the bickering and infighting starts. Amazing the power of money. I would like to take the time and thank all members here who emailed with their questions, I tried to answer each and every one. Was a little overwhelmed, however I realize all the nervousness on this board as the share price of NOT has stopped going up for the time being, at least.
One quick thought. People, just because you own this stock don't bury your head in the sand. Posters like MiningJunkie don't have some hidden agenda in their writings and are not out to steal your shares on the cheap. They are only stating their opinions, many of these posters are seasoned investors in this dirty game of venture exchange investing. They merely want to help you to understand the game, just because their opinions differ from what you want to hear don't get all defensive. They are only offering a point of view, talk to two different investors and often you will get two totally different opinions.
I hear the words "show time", and boy no truer words can be spoken about what is going to transpire today. Myself and a few others have warned investors the market cap on NOT was geting frothy, it has perfection priced into it. There is no room for anything suprises to the downside. Lets face it, based on the knowledge we have SO FAR, this stock is over priced. However, this is a speculation stock, the share price is based on what we think the drill bits are going to show us in the future.
Looking solely at the chart of NOT, it does not look good for our favourite darling going into today. Most of the chart indicators are pointing down, indicating further share price pain.
But, today is a special day for NOT, we have the AGM and I would expect assay results to be released today also. So the fundamental side may be the trump card in the share price today.
I own zero shares of this stock in my trading account for today. Sold my trader shares yesterday. I hate standing in the path of a moving frieght train. No one has a clue which way this stock is headed today, so taking a chance in anything but a core position makes no sense to me. I will stand aside and let todays news dictate any further involement in trading this stock.
Best of luck to everyone today. Today is decision day!!!
Al
ps ...Just read the Post story in todays paper and he got it wrong again. For some reason the author has decided to report only negatives about NOT. This dude must be working for the darkside. JMHO