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: It is exactly the same day trade scenario

It is exactly the same day trade scenario

posted on Jul 08, 2008 07:52AM

As much as I can see daytrades for NOT for the last months the pattern is almost always the same:

1. At opening the SP goes up. The size of growth depends on news or market conditions.

2. After ~1hr there is a start of downtrend and SP goes below previous close.

3. There is another up sometime in the meddle of trades and it ends up with another SP day low.

I would interpret it as:

1. Lack of big buyers

2. Daytraders are playing the same pattern all the time because shareholders are very positive regarding the stock and buying "additional 500-1000 shares" every day.

I do want to see the change of pattern, but it could be done by NOT itself via buyback action or if there will be a strong buyer.

Totally 2-3 mlns will be enough to change the trend.

Without it I do not see much the support below 2.30 and we could see last fall prices again. Sorry for sad news...

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