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Discuss the various junior resource companies within the McFaulds Lake Area

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Message: Hate to say it

Hate to say it

posted on Mar 14, 2008 09:19AM

But if anyone has any dry powder left we could be closing under $6. The only reason is that the US Market continues to tank and that puts pressure on investors. Keep in mind that investors likely have a portfolio of shares in different companies and if they are bleeding in others it makes them more hesitant to buy more of anything.

There are fortunately a lot of investors who are closely following the 'ring of fire' and they are more than willing to buy cheap and sell high. If they thought they could get shares at $5.50 they'd wait for them. They are competing with others of similar inclination and deep down know anything close to $6 is a great bargain.

Guess I'll try to fight with a few of you this afternoon to get more myself.

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