Re: Cup and Handle- News Trumps All Does It? Heard That Before.

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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Re: Cup and Handle- News Trumps All Does It? Heard That Before.

posted on Aug 28, 2009 10:45AM

I agreed with you that you can use technical analysis to make guesses on how the stock price is going to move. I am just trying to make the point that news is going to be the catalyst that moves us forward.

Your target on your cup and handle formation is $7. So, if Noront releases no news for the next few months are we going to hit $7? No we aren't. Sure, you can use technical analysis but, news is first and technical analysis second (or maybe even less important to some).

Small mining companies are driven by what they find in the ground. Not by how the chart looks.

If you would like to discuss this farther lets take it to OT or PM, enough of this on here.

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