Agoracom: Small Cap Investment - Noront Resources

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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quackaphobe

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To re-iterate about $3.50

posted on Jan 10, 2008 05:12AM

...it's simply a Fibonacci retracement from our ( so far) all-time high of 7.05.

It's no big deal, it doesn't take a rocket surgeon (!?) to predict that number. It doesn't mean the predictor is a genius, it just means he lucked out because although their is usually retracement, it's not %100% reliable.

Think of it as a parlor trick or feat of prognostication to dazzle all the folks who are still relative newbies to the gyrations of the stock price.

Here's another trick: it's called the measured move. If we see an bull run from a low of 3.55 and it overtakes the previous high of 7.05, then the measured move principle dictates that the next high will be $10.55 before it likely cools off again