posted on
May 01, 2008 04:14AM
We'll see what today and next week brings but I suspect a fast return to over $5. There definately was some selling going on to raise money for April 30th Canadian tax filing. Blame those who did trade in and out of Noront if you want even if most are now fully back in. How can I know this? Well I had to come up with major dollars yesterday myself but fortunately just tapped line of credit and margin instead of selling one single share of Noront, others I believe did sell to raise cash. I'm watching for a quick bounce today on low volume and investors seem reluctant to let any more shares go at bargain prices. No more buyers market but one for sellers to demand and obtain asking price.