It hasn't bounced Al... :) Heading down still 5.30
Patience grasshoper !!! LOL
This is not looking good here. People wanted news that had some something new in it. The upside is this, NOT has sold down every time it has released news. Only to bounce up later. I expect the same this time. So far the support level of $5.25 hasn't been breeched, good sign. This stock had nothing but the best of news already priced in. The share price was just ahead of its drill results...so far.
Today's assay results were very, very good. However they were NOT absolutely awesome. So it has been sold down a mere 10% today. This has been a very good opportunity for the shorts to cover, and I would bet many have done just that.
I think the stock is oversold here, its a screaming buy. JMHO
Al