Price is settling

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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mustangman

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Price is settling

posted on Aug 06, 2009 09:43AM

The initial downdraft may be over. We're sitting at 2.30 per share and on 888,000 shares traded. We dropped to 2.20 at the lowest. Now comes the part where the MM have to decide if they are moving in the same direction as the overall flow. My guess is they did a quick short and are now starting to consider coming back in long. "If" that is correct, we should see a steady climb over the remainder of the day.

We're over a million shares now and the price is holding at 2.30-2.32. I'm thinking a bottom is starting to be set. Any comments from others here?