Twin Mining (formerly Twin-Gold) Message Board

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Gold/Mining/Energy : Twin Mining (formerly Twin-Gold)

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To: russet who wrote (87)	1/23/2002 7:58:46 PM
From: bill	Read Replies (2) of 613

Sorry, folks. Didn't mean to abandon the thread. Life degenerated into a series of misadventures and emergencies. And that was before I started having computer problems. The message I would like to have sent yesterday was simple. There was a spike up. There wasn't enough volume to hold the price. Profit taking brought the price down to one cent over the open. For those able to watch their screens and who have real time quotes, there was a real opportunity to make a day trade. (I know some people are against day trades but when they happen, it's like bagging a teal on the wing. The joy of buying ABZ at 7 a.m., selling it an hour later for a dollar per share profit is great. It's like that great goal in hockey or that home run hit in baseball.) Given the drop back in price, it looks like two possible scenarios: one a relatively shallow pull back. We started that today. Tomorrow I should have time to look at the average trading range and get some idea of the pull back. Remember, we had four days of increasing prices and an unsustainable nearly ninety degree price rise. Two, a gradual inching up back up a few cents at a time on lower volume. I had no time to check trading today but when I checked the summary, we have a slight drop with comparatively low volume. That's the way it should be. Increase in volume takes price up to new levels. Buying is exhausted. Lower volume takes price down slightly. Only major concern would be if volume started to increase with falling prices. The question will be where the new base will be formed as we wait for news or for another conference to bring in new buyers. I'll see where a resistance and support line have formed. This having to earn a living is hell. Working too hard to make any money. Watch MPV and ABZ. They may move not on something that is happening directly to them but because of something that is happening close by. Something seems to be up in the Lac de Gras area but I'm not sure what. There is ground in that area that was explored in the early stages of the diamond rush when no one really knew what they were doing. Anybody on this thread who lives in Yellowknife area who has noticed anything lately? Anybody picking up ground that was previously held but let go? Going back over ground that was previously explored?

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