I was away from computer for the last half of today and it appears I missed a bit of action. I have read most of the posts here, and the one that sticks out the most is from Misfit. In fact, the situation here bears a very close resemblance to about 22 months ago, July 2007, as he states. To give a close but slightly differing synopsis of that time, I will relate my experience.

When NOT announced the results of assays from Windfall in late 2006, then also announced a private placement, I made a very concerted effort to get in on the PP but it had already filled. I did not buy in at the time, but did follow it, until in June 2007, it suddenly dropped to .60. I thought it would be a good trader so bought 20k shares @ .61. I then began a series of trades at or above .70 and buying back at .60. After 3 times, I decided to go in heavy on the next one, so bought 50k @ .59. 3 days later it was at .56, and I bought again. 4 days later it was at .47 and I was sweating, wondering how I was going to explain this mess to my better half, but thought, if the fundamentals are there it has to come back up, so I put in a big bid @ .45. Needless to say it got filled 2 days later as the price actually did drop to .29 for a couple of hours, then came back up to .39, where it was halted. The rest is history now.

I relate the above mainly because of the similarity of circumstances then and now. It took such a dive down on huge volume and then just as suddenly away it went. I do not have the knowledge to understand how someone could engineer a situation like today to work to their advantage, but I do firmly believe that someone is doing so. They certainly did it 2 summers ago, so why not duplicate it.

I know one thing for sure. I am spending all my time tonight trying to determine what I can dump in order to position myself for what is coming.

This is all "in my opinion only"

Regards

K