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HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Bouncing off 5.00 today.....??!!

Bouncing off 5.00 today.....??!!

posted on Nov 08, 2007 03:28AM

I sense we are about to take a support bounce off of 5.00 today. The news is building the support and as it comes the support level will rise. Our issue right now seems to be the resistence level or lack thereof. We are trading in a very narrow range..something even swing traders don't want to get involved with with the stock at the 5.00 + level.

I'm thinking out next bust out will come with either:

  • news (I mean "news" not known rumours made public and then averaged into the share price prior to the NR)
  • The strenghtening of the markets as a whole (but as I've said in the past..NOT seems to be moving to its own drummer presently.some days up while the market is down..some days down while the market is up). I do believe a good shot in the proverbial arm with respect to the wider markets can only add to the support level of NOT...and in my opinion we're pretty much up to the basement floor of this baby now. Any news moving forward should start picking up the price..particularly where the anomoly proves to be growning in size, quality of grade or both.

I do believe the manipulators will be having a problem pushing this down under the 5.00 level now without very serious repurcussions should they play the game and fail to accomplish their ultimate aim.

Keep the chin up NOT holders...Confidence...Knowledge...and Awareness...they will keep us on top of things moving forward. I agree that we need an ignore button..but remember ignoring some people can leave you open to missing correct projections notwithstanding what the projections were meant to accomplish.

Keep and open mind..and open ear..and a large grain of salt in your left hand when reading these posts. That is the best warning/advice you'll get if you are new here... no one should be trusted completely..follow up on their posts and then decide for yourself.

Good luck all :) MM

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