Well, it finally happened, NOT closed below the $5 mark. Not a good sign, the $5 level is a very important level that the stock needed to hold. Suggests to me we see further pain coming, I wouldn't be suprised to see a test of the $4.35 level as an overshoot if they run the stops to $4.50 NOT needs news to right itself and it needs it fast. Fundamentally there is nothing wrong with the stock, other than there appears to be few buyers left and slowly on low volume some nervous investors are selling their holdings.

If the stock breaks down today, I will be a buyer.

The good news is FNC is holding up real well, however I would expect to see a little pain with it, if NOT's share price hits the toilet. This may be where we see some disconnect with NOT and the rest of the area stocks. BMK's drill program should keep it's share price in play. People slowly realizing that all sign are pointing to FNC having the best proximity chance for a hit, should keep its share price stable. PRB, the rumours have started about possibilty of NOT drilling near their property border may keep its share price propped up. This would set up the scenario that  NOT should feel the bulk of the pain.

Bottom line, we need news to keep investors interested in McFaulds Lake stocks. Interesting times indeed and to be honest, these times should be expected. Will say this once again, I believe we are in about the 3rd inning of a long ballgame. Expect a few ups and downs along the way.

Al