Re: Insider activity & TA
in response to
by
posted on
Feb 02, 2010 10:42AM
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.
For all the talk of this fellow grabbing those cheap 20 cent options and "quickly selling them" when we were back at 50 cents that so far has not happened either. Didn't suspect they would be sold either, but it was talked about by some here like it was imminent and a real no brainer.
Again I would have to believe that if there are any people out there who think ISM's "intrinsic value" is much higher and greater than it is currently exhibiting now, it's the insiders.
So let's talk TA, technically it looks to be leveling off and after the initial selloff we are now definitely seeing a different type of selling. It's "Death by one thousand cuts" is what you see now imho. Judge that by the degree of price decline and volumes lessening. Now we will simply suffer from the price erosion that is the result of ticked off investors throwing in the towel..... Much different than the initial selloff. No news for going on one month tends to do that. That after news that simply raised more questions. News that for many was supposed to be the event that was to bring about a quick 5 bagger or what have you, did not materialize and that MoMo crowd quickly went the other way.This kind of waiting tests the patience of the most loyal investors. On the surface we float around in a rudderless ship, but surely not a sinking ship.
Call me a fool, but I am buying more stock. I have never had the chance to get averaged down at these price levels. Nice because we know that things will get better, Historically this place we are sitting on was a once prospering area for two past producing nickel mines :) We drill on and prove up what Micon recommends or we don't?
Be interesting to see what ISM has learned from the experience. :) I would be watching how this President moves onwards.
Have to see what ISM determines will be the gameplan for the next year. We have the money to operate in whatever we seek out to do. IMHO
ISM TA:
http://stockcharts.com/h-sc/ui?s=ISM.TO&p=D&yr=0&mn=6&dy=0&id=p87830157458