Re: all that is happening is a normal pullback we had 7 days of rallying and

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

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)

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Edgy

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Re: all that is happening is a normal pullback we had 7 days of rallying and

in response to

Re: all that is happening is a normal pullback we had 7 days of rallying and

MichaelEr

posted on Aug 05, 2009 11:21AM

What is there to talk about this sideward sp?

My guess is that the sp will dip even below 2.50 sometime during the day and recover some before the close.

But this is from a fellow that bought some at $2.82 yesterday, so what do I know? Next to Nil.

What I am sure of is that sp follows first the fundamental resource of the company, next it is deviated from the first by the sentiment or rumour mill of the shareholders. This means that it is quite normal to swing. I day trade a small portion to take advantage of those swings. That $2.82 buy was one attempt that did not pan out as a clasic "day" trade but I do believe I will get my 20 cents worth on those soon.

Today presents an even better opportunity. I am surprised that there is not a flood of buyers at this price. Two million shares traded on this stock at this time is not large by my measure.