Welcome To The Inspiration Mining HUB On AGORACOM

The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.

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Message: ISM TA

ISM TA

posted on Dec 01, 2009 12:28PM

Considering we are almost done with our usual retracement from the spike to .95 ( hitting .66 this last week) we should be looking at a bottoming now, if not already.

Traditional/historical TA levels suggest we are nearing the time for a breakout upwards. Having had two weeks behind us since the news of the resource calc delay, we should also see a "return to the stock" in anticipation of what may be good news for mid December. November month end may have also seen trading houses cleaning up the books/accounts a bit.

Not sure how to fathom in the possibility of tax loss selling on the stock. Sitting near yr lows says so but if the stock gets going, people may not be in loss positions and also may not want to be out of the game should some great news be in store.

Lastly a missed deadline like mid December could be bad for the SP. IMHO

http://stockcharts.com/h-sc/ui?s=ISM.TO&p=D&yr=0&mn=8&dy=0&id=p87111347900

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