They have detected a positive NR is coming? Perhaps the NR timing has been leaked. It's a small circle in Calgary despite what some think. Consider it more of a Texas style environment. (Because so many of them are from Texas.) The talk is usually straight but not a direct leak. Experienced people know that when a certain aspect is completed they can figure out accurately when the NR will come. It's not a fluke that ITG is buying. The conservation of capital rule would lead us to believe the NR will be out Monday. However, we have seen the trading curve get bucked once before. Ie. People didn't have enough lead time to buy and din't want to be involved in a frenzy that was self caused. If we do get until Monday someone is going to take a profit before the NR and that should drive the price down a few cents where others will find it attractive. In liturature, stories have a climax, in some masters writtings there is a double climax but only if the readers attention can be held long enough for it to have impact. It is possible we will see this in the weeks trading.

One thing all of us traders have to consider is the impact of the NR. I would like to sell a small vlock of shares but will others join me so I can re-enter at a profit? Normally, I would say oh hell ya. But, having a keen insight on what that NR might contain suggests to me that I might not get the herds cooperation. I'm saying this because of ITG's algotrading. The machine has no soul. It can track each share. You put 50 up and it drives the price down a cent to dishearten you into chasing it. All those 50 share trades we witnessed are exactly that. So this time around I might just sit it out.

I really have to see how much upward pressure there will be. I know they will all try to restore their balances but we are under warning that we may only have about 25 days left. As I said before, that will put us into a period where trading is for the brave or foolish so I'll respect my own words then. If there's a lot of pressure up and volume to support it then I feel comfortable trading. If the sp goes up on low volume that is a different critter. It means shares are scarce. It also means the only trading is being done by the pros and machines and I don't want any part of that. That is how you get skinned. In this case I would take a small risk and sell on Friday, let the news play out, and buy back in when the trading levels out. I would not trade anything of size. Not with sharks in the water. On the bright side, I already bout shares for trading during our last low and timed it perfect. I can clear a fair penny selling Friday.

I have no problem averaging up if the whole tide is up. There's profit to be had in those cases. I also don't mind high volume and sp creep. That's healthy trading and show wide spread interest. There's profit to be had there too. I guy would not short the news this time around. With an important NR just a week away that would be a disaster. Yet, some idiot might try it. Hell, someone might even bet the sp dives when the company announces they will buy the USA lands. They will hope for a big dive but I would bet it's only about 2-4 cents. It might even get swamped by assays and in that case it's cover time.