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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Let's get one thing straight

posted on May 02, 2008 11:59AM

The "Sell off" was most likely nothing more than the daytraders exiting their postions before the weekend. The chart is just entering a zone of resistance, and traders don't stick around to wait for the stock to chew its way through. They just sell. And then when the opportunity is right, they buy back in. And then they sell again.

Pretty simple stuff. Noront must have quite a few stout believers for it to bounce almost 2 dollars in one week.