The TSE is currently down one of its largest amounts ever. We do not live in isolation of the reality that surrounds us.

That means that there are huge margin calls going out annnnnnnnnnd as a venture company trading over 2.00 with the likelihood of substantial gains it is probable that a good portion of our peers have bought this on margin whether via broker or some private arrangement as in Personal Lines of Credit.

For some brokers that 2.00 level is critical as only stocks trading above that range qualify. Once it looks like it may be breached if even for a short time then those involved start running for the exits.

Our volume still remains very low which means that just a few people's action are having an exagerated impact on the current price level.

I agree with Coach in that today's price isn't truly significant. Its the longer haul that counts and the way things are stacking up with the price of gold the prospects for a positive ending seem to be increasing by the moment.

Hey, its too early in Vancouver but for those of you in Ontario it will soon be noon. Turn off the tube, grab a six pack, and take the rest of the day off.

Onwards and Upwards