Why did 5.6MM shares trade on Friday?
in response to
by
posted on
Jun 07, 2008 11:09PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Anybody?
Was it simply ying vs yang?
Greed vs fear?
Outright manipulation?
Collective mistakes in judgement?
Considering the # of shares traded since the most "dramatic" press release by SAN in its short history, and the relatively short gain in SP, one would almost conclude that a mass psychology of "misjudgement" is at play!
A drill-hole yielding 21/2ozs over 20 feet by any historical standard should have moved the SP, even with conservative expectations, $2 to $3! Sure, it resulted in huge volume but very short yardage on SP!
If its "mass psychology of misjudgement" at a $1.82 its a "screaming buy!" (Which, incidently, IMHO, it is and has been since 21/2 ozs a ton over 20 ft came into play. My excitement over the past several weeks has brought at least 15 new players into SAN between $1.28 and $1.82. Just tonight a young man was telling me he's investing his tax return on Monday, which incidently he hasn't recieved, so in advance, he's borrowed the money from his mom!)
Its indicative of what's to come!
Exciting times!
RUF