Well if the rumours making their way all over the internet, about NOT prove to be true, we should be in for a wild ride today. In fact all the stocks in McFaulds Lake should get a shot in the arm if these updates prove to be factual.

Yesterday, investor interest in the McFaulds Lake stocks just wasn't there, and the stocks suffered, they did the slow downward bleed on low volume. The market makers dream, as they get the opportunity to load up at cheaper prices only to sell back to us at higher prices when investor interest turns around. For some reason we just don't get it, buy when no one else wants these stocks and sell when the herd is falling all over themselves scrambling to get in. Investing 101 if you want to make money. Buy and hold strategy is good when you have no other choice, but holding a core position and a trading position in one of these stocks, will win out in the long term. The idea with having a trading position is to buy low and sell higher,  bringing your cost per share down on your core postion. This will minimize your risk with your core position and make these down turns a little easier on your stomach.

I certainly like what I'm hearing about Hole #18 looking like another #5. If this proves to be true the shares of NOT will look cheap at yesterday's prices. Today NOT's pivot point is $5.50, with support at $5.28, $5.13 and $4.91. Resistance is at $5.65, $5.87 and $6.02. If the rumours are true NOT may open up over its resistance points and enjoy some blue sky  share prices today.

Interesting times in McFaulds Lake. Good luck to all.

Al