There is always someone who knows more than we do about what's coming. I'd imagine some investors had a good idea that the quarterly report wasn't going to be very good and sold prior to it's release. The release date of Nov 12th was known.

I was surprised since I thought recovery in junior exploration companies began prior to end of September. Serves me right for buying in at $6 (and higher) prior to news. Guess the old adage buy on rumour and sell on news wins again.

The general market sentiment isn't great at the moment and lots of hurting going on. This too will pass.

Pinetree actually held up well today given the news which backs up my guess that big players already knew what to expect. There are short memories so perhaps in a few days trading will be back and at higher prices.

I have Pinetree as a hold right into February since by then their underlying value should be much higher as well as share price. They are smart people and no reason to believe they aren't in process of turning things around.