Wednesday Morning premarket aura..
posted on
Oct 24, 2007 04:06AM
Focused on becoming a near-term Gold Producer
Good morning all,
Its Wednesday morning at 7:56 am. The roosters have woken up the town and the pricing of Sage appears to be in hibernation mode. It appears we may see a bounce today. The premarket is sitting at 41.5 cents (down 2.5 cents) from Tuesdays close..but remember it is 1.5 hours before the market opens..things change quickly..and from my experience premarket pricing is a juggernaut of wits more than an accurate guide to the days real time market activity.
I think we should see a bottoming out similar to the last news report where we hit .28 and eventually dropped down to the .14 or .15 cent range before the runup to .80 cents. The only difference here is the news is likely to be coming soon so the cycling of the stock price will be abbreviated, thismeaning we could see it bottom out very quickly, perhaps at .40 to .42 cents as Sparky0's charting indicates.
One thing for sure the appetite investors have shown for this stock during the most recent runup indicates big things for the future, whether it be the next week or number of weeks. 45 million shares is a lot of action, notwithstanding some of it was investments getting off the train and taking profits...we have to remember that for every investor selling..another bought...and to buy we must have confidence. This baby is going to move..we're in the launch pad waiting for the timer to tick down to something big... I'm still trying to buy more shares..but I don't want to give up any more of my core NOT holdings. Maybe I should get a part time job.. :)