posted on
Apr 18, 2008 04:39AM
I am not a technical type, but have watched the stock drop gradually and consolidate on pretty good volumes in a very weak market (for everything). A lot of folks will have been dumping into this consolidation, but I expect that is a combination of raising liquidity and impatience. Key question, at these volumes: Are the buyers more/less likely to be stronger/smarter hands than the sellers.? I think we have just seen a major migration to stronger hands., and that is a good thing ! Personally, I know sellers who were any or all of paniccy, frustrated, worried, or in despair of the equity world generally. This management team has put together a great bunch of projects, any one of which could take us way up from here. For example, if you follow Victory Nickel, you should have at least a warm feeling about their Minago news yesterday.