Cylinder ...

Everyone gets to know about "daytrading" quickly enough. Money is made very nicely that way. Newbies find out about it very quickly when they buy on someone's recommendation - words from people like me - and bang! their shares are down shortly thereafter.

SPQ is in its present position because of daytrading. 100K is an easy buy. And a neat, tidy little profit: $1000. $2000. $5000 can be made. Easy money for a small trading fee. Can't really blame a person for doing it.

Bashers - of all varieties - love the position Spider Resources finds itself in. Share price has tanked and management is scrambling to find a way to recognize shareholder value. So we see a "reverse split" proposed. And investors start to get indignant because they see a huge dichotomy between what seems to be of great geological and investment significance, and potentially a huge investment loss.

I say "potential" because I believe that SPQ's share price will soon move up strongly because of its great land package, the fabuous ROF geology, the intelligent decision to drill the Freewest Option, and its strategy to reduce risk by opting for a JV strategy with other well-placed and well-financed ROF exploration companies.

I intend to be at the Spider Resources AGM here in Toronto to support management in making intelligent decisions going forward. I will listen intently and pose questions. Moreover, I will report back to this board.

I will also probably put on the OT Board prior to the AGM a couple of posts in order to gather SPQ investors feelings on the "reverse split" idea - PRO and CON.

Finally, I apologize in advance to anyone who thinks I own this board - including my fellow presidents. It's a democratic tool for all interested in Spider Resources. Comments are welcome, and I'll shut up for a while.

Snug