With the sentiment of Benton and Res.
I was thinking earlier today, when someone asked what kind of inmpact if any would windfall news would have.
This is where the difference in investors come in. For the longs, this windfall news is great news, as we are that much closer to the big anchilada, and finding the gold, and the long term returns that we are investing for.
For the day trader, this news will be nice but since it has no immediately payoff, other then as an insulin boost, they will mostly use it to ride another small wave (or try to, I don't know how succesful this type of trading is).
My guess is that tommorow we will see 4.00+ again, with the boost from windfall and the realization (from this sudden news release) that the next hole news may come at any time.
But I was very wrong two days ago when I thought the descent would stop at 4.00 so I'm just guessing like everyone else.
My belief is that the key to making money in juniors is to find a good one and hang on as long as you have faith in her. A big part of the thrill is just to be part of a great company on its way up, and to be part of hard work and a little luck coming into its pay day.
I re look at the companies I've invested in and sometimes I change my mind. But with NOT, my feeling is very strong, my intuition is blinking green, my gut says 'yes', and my reason says 'making sense'.
We can bet that if they drill three blank holes, for nickel or for gold, the price will drop. But not for me. What do I care about three holes? I have complete confidence that the NOT crew is doing what they need to do. Every hole is giving them the clue they need, and they are drilling them according to plan, not according to market.
BK