Thursday morning thoughts
in response to
by
posted on
Jan 10, 2008 02:16AM
Discuss the various junior resource companies within the McFaulds Lake Area
I suppose the topic for today could best be summarized as...What's gone wrong in McFaulds Lake?
What has changed in McFaulds Lake for investors to turn on these plays and sell them off? Wherever we look it seems the very ones who where so bullish on these stocks are now bearish. First we get a soft sell from Canaccord on NOT, then we get Sprott bringing out their guru's with their humming and hawwing of glass half empty rhetoric.
Enough of the b/s from the guru's and hands in the till investment houses. Not has done nothing wrong in 2008 other than release assays from one of the best drill holes in the history of Canadian mining, yet the guru's say sell, the stock is ahead of itself. Seems to me someone wants shares of NOT on the cheap. It looks like a well orchestrated, typical Bay St, lets beat on them while they are down, kind of scenario. Something reeks and reeks bad here. I seen the selling yesterday, but for every seller there has to be a buyer, yesterdays sell-off reeked of accumualtion to me.
Bay St knows full well NOT is going into a news vacuum period, the drills were shut done over the Xmas period. They have their chance to beat the stock down and the parade of Bay St clowns start and they do their best to steal the small guys shares.
I honestly have no idea where the bottom is in the McFaulds Lake stocks. But you can bet your last dollar when the last retail investor has puked his/her shares, the parade on Bay St screams BUY.
NOT needs to pull a rabbit out of the proverbial hat. And Mr Nemis needs to stop making statements like I could do a PP right now at $10 and the shares price of NOT is worth $28. Bay St has a way of making people eat their words. JMHO
Al