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First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Buy on rumor, sell on news

Buy on rumor, sell on news

posted on Nov 01, 2007 11:19AM

The psychology of selling equities is fascinating: I like the saying "Buy on rumor, sell on news."

Did anyone buy McFauld's equities yesterday; did anyone sell today?

Look at this info I picked up from BMO Investorline:

Market Movers  
Toronto TSX Venture New York NASDAQ AMEX   Most Active by Volume Most Active by $ Value $ Gainers $ Losers % Gainers % Losers  
Symbol Name News Last  Change  Volume
CQV CANADIAN IMPERIAL VENTURES CP   0.12   0.03  33.33  15,724,762
CKM CHALK MEDIA CP   0.23   0.00  0.00  11,042,675
SPQ SPIDER RESOURCES INC   0.15   -0.02  -11.76  7,839,031
FWR FREEWEST RES CANADA INC 0.34   0.02  4.69  6,103,775
KWG KWG RESOURCES INC 0.14   -0.02  -15.62  5,363,245
PIK PEAK GOLD LTD.   0.62   -0.02  -3.12  5,028,105
BMK MACDONALD MINES EXPLOR LTD   0.84   -0.04  -4.55  4,983,304
SGX SAGE GOLD INC.   0.53   0.02  3.92  4,293,150
STG SUSTAINABLE ENERGY TECH LTD   0.57   0.07  14.00  4,203,941
NOT NORONT RESOURCES 5.63   -0.30  -5.06  3,338,260

Recognize any of these?  Out of the 10 equities listed, five are McFauld's area plays.  27 million or so shares bought and sold, and this is a "slow day" compared to others when 100 million changed hands.

To me, this says McFauld's juniors are very liquid - lots of buying and selling.  It also tells me that if you can buy cheap, do so.  After I listened to the Noront AGM, I changed my SPQ ONLY strategy.  McFauld's is going to be a JV play.  I bought some FWR, Fancamp (FNC), and more NOT on rumor.  I made some good coin yesterday, lost a little today, and hopefully will make a great deal more in the future.

The bottom line?  The Ring of Fire has just started smoldering.  In the next 6 months it will be blazing.

Snug

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