This stock has cyclical written all over it. We'll be bouncing around within a 2 dollar range for some time I expect. No worrys if we're down...we'll be back up in a week or three. At the same time its not stable enough to short or play as news is very frequent and very unexpected leaving those who play the stock other than "long" open to extreme volatility in their share price. Shorts have been hurt more than once with NOT.
Bottom line. Buy low on dips and wait for the next peak. If you must take some profit sell half, not all. Then hold as cash the half you sell and hope for the next cyle down so you can buy more.
Remember one thing...this baby, and ask others here...is very undervalued due to extreme market manipulation. The question of tonnage is not even the issue as some soft bashers (who were quite accurate with the pricing drop back in January). The fact the mineral is there stands to provide the catalyst for a mine and no matter what the day to day stock price fluctuations do to your stomach...hold and you will be well rewarded.
Warren Buffett said that, and I may not be totally correct in his quote "the worst problem with investors today is they won't just leave the stock alone...." Now think back on past investments and see if that statement holds true. I know it did for RIM with me. I got hurt..sold then got hurt again by the rise that seemed never to be coming.
Hold or buy...this stock will only go up from here.... LONG AND STRONG NOT holder...
MM