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)

Free
Message: Just a thought...

If you look at the technical chart below you will see a 3 coloured lines. Blue is the stock price, Green is the 50 day MA and Red is the 20 day MA. As you can see the 50 day MA has consistently been dropping and is now sitting around 2.40 to 2.60.

I'm guessing if we get another run in we will see a huge wall come up around 2.20 to 2.30 and that wall will send the price back down. This is because technical traders are controlling the price while we await news. The stock price is cycling, but as you can tell, we really are too low right now as the 20 day MA had been pretty consistent (within 20 or 30 cents) of the 50 day MA. As such I hold to the price moving back up over 2.00 into the 2.20 to 2.30 range before it gets played with again.

The price drop down to 1.48 was simply IMHO the big investment firms shoring up losses from other investments and using NOT shares to do it thereby pushing our price down in an inordinate manner. Thats again why I was pushing to buy at that point. Even if it hits anything under 3.00 I'm going to keep buying because even short to mid term I can't see it doing anything less than doubling or tripling the investment. Way better than a bank and despite the volatility of the market and the manipulation of the stock, I can't see us not hitting 6.00 to 9.00 over the next year. Not bad interest if you ask me.

Once again, this is just my opinion and as I like to think it is based on reasonable research, it is a stock that can surprise to either extreme. Just look and draw your own conclusions please...and please comment. I would love to hear them.

Have a good night and God bless all....

Mustangman



Share
New Message
Please login to post a reply