I've noticed that there are a lot of people who are worried about the current share price point.

If you look at the historic SP charts for most of the mining resource exploration companies, particularly those in the ROF, you will notice that there is a pattern.

Every year, about two weeks before the PDAC, there is a surge of interest. This is also an active drilling period up in northern Ontario, so there is a lot of speculative interest made.

Over the next month, maybe two, there is a great deal of interest in the stocks. However, as nothing further comes along to maintain the momentum, the SP settles towards the 52 week low, which it generally reaches during the fall.

So, why is this?

This is not a function of the current recession market, although the market has been a wreck for a while, making the ups and downs seem like a roller coaster. I say that it isn't the recession market, since the trading patterns I discussed above can be traced back for the last 5-10 years.

And this pattern can be seen to some extent throughout the global market as well.

I think of it as the summer effect. There is an infamous saying that goes something like "Sell in May and stay away". This makes a bit of sense in the rearview mirror, since there is often little activity and SP affecting news, especially in our industry, until after Labour Day, sometimes until the next PDAC.

All this to make a point. At this time, there is little effect in releasing any earth shattering news. It goes into a vacuum, as the number of active traders is low due to vacationing. Take a look at the trading volume for the TSX, and you will see that the volume of shares traded during the summer season is lower than other times of the year.

If you truly believe in this stock, do yourselves a favour, and take the opportunity to accumulate at these prices. Over the next couple of months, we could see further signs of a strengthening economy, and when the news releases start to come out, they could be received by a market that is starting to look for places to invest.

At the same time, don't be afraid to take some profits when the opportunity presents itself. I have done that over the years, and with an accumulated expenditure of about $8k, I managed over the years to buy low/sell high my way to 1.4 million shares of SPQ that Cliff's would love to get their hands on. Sucks to be them.

Please, do your own due diligence, as I am not a financial planner, just a lucky schmuck who happened upon Spider Resources a long time ago.