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Gold/Mining/Energy : Rubicon Minerals
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To: wolfgangrene who wrote (325)3/30/2013 5:28:41 PM
From: Rich Wolf  Read Replies (1) of 470
 
I have seen 'gap and runs' before, so I also cannot say with certainty that the gap will fill.
I suspect the stock strength was in anticipation of news which delay was possibly leaked mid-week, hence the roll-over the last two days.
Depending upon how bullish the news, the stock could resume its uptrend without filling the gap, at least in the near term.
If the whole market/sector takes a hit, the algos take over and the gap will fill with high probability.
In the short run, and prior to the news of the delay, I decided to keep my positions until the resource estimate is released. Lots of infill drilling has been done in the last 1.5 years, LOTS. The estimate WILL go up in total, and a sizeable increase in measured & indicated will occur. We'll just have to see how the market takes it.
Good luck, and thanks for all the chart work!
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