Have I missed something?
For SPQ I haven't read any news, good or bad. Unless I'm mistaken it still has the same number of claims, the same number of hectares, the same number of $$$ for 2008 winter drilling, and the same number of JVs.
Has the geology changed? No. Is the aerial survey ongoing? Yes? Have China and India fallen off the face of the earth? Not that I've noticed. Is the TSX in a funk? Yes. Will the TSX go down some more? Probably.
So is the party over? I doubt it. Has the easy money been made? I doubt it. Have a lot of SPQ investors locked in losses? Did they lose patience? Probably. Did they lose money? Hum?
I'm in long. I was long five years ago. I was long when SPQ was 3 cents. I was long a week ago when I tried to get shares at 12 cents. And I'm long with SPQ at 10 cents. I'm not interested in just $1000; but I am interested in $100,000. And I won't make this type of coin unless I'm LONG.
Snug