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Message: Re: Selling volume
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May 07, 2014 09:23PM
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May 08, 2014 10:40AM
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May 08, 2014 11:20AM
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May 08, 2014 11:31AM
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May 08, 2014 12:25PM

Good morning rosehill

Everytime weekly volume approaches 2 million shares following an up or down run we are near a major turning point to the opposite direction. We have recently passed 2 million shares traded for a week. Now, if you want to consider the upcoming slow summer months that's fine, I'll just have a better opprtunity to increase my percentage ownership in the company. I'm not a bottom fisher usually but when weakness is engineered facing off against an outstanding proven gold explorer as Dave creating Canada's next gold district, I see the green light for a great distance ahead. I'm a buyer of Probe on further weakness all the way down to the upcoming exact bottom, where ever that may be. This type of a great percentage sell-off doesn't scare me and if it goes a little lower, fine.

Even gold may renew its downward trend ahead but that doesn't bother me either. I'm buying into a new expanding gold district which is bigger than price manipulators and the possibility of monthly weakness ahead for gold. My biggest profits came in the early 70's buying uneconomical gold properties and past producing gold mines when gold broke $100 while the whole world went mad with bearishness. Just as another example of contrary thinking with high selling volume, Forbes Magazine many years back came out with a front page story on "The Death Of Copper." The next day I went out and bought every copper related stock after liquidating some other positions. This may have been my second best move.

Maybe I'm wrong by buying Probe here and lower and for the past 10 days but you never know until you try. The only thing I really know well is that when people are big sellers based on media presentations forcing markets or company shares lower I become very interested either in adding to positions or taking on a new one.

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