Hey,hedger, I enjoyed reading your comments in this posting and I will tell you why:
First; <<<<one positive sign today though is the volume in dml, would like to see the million shares day to shake out the sellers and closed on a decent uptick.>>>>>> This is very good one indeed, technically speaking; you are talking SELLING CLIMAXES, OR CLEAN-OUT-DAY; this indicates distress selling [ I posted few days ago, remorse selling, panic selling or stop loss selling or margin call selling etc,] of course we like to see the last million shares are tossed overboard, and willy nilly in a final clean up. You know who are still buying this market, that is John Paquet of course;from the outsider, and many insiders. I tell you why next, too. Although today we did not see a decent uptick, you are talking technically, KEY REVERSAL DAY, indicating the trend is ready to become reversal from recent down trend to up trend, but very soon it will. I will tell you why on JUne 9, 1998 Tuesday. You know this is a harvest time for traders like John Paquet from the outsider and many insiders who avoiding the bullish infection at the top of the market, has and have the power cash in reserve to pick up these paper freely available at panic prices.
2. <<<<we have to get some update next week to help us along>>>>
Very good one again, On June 9, Tuesday 1998 that is next week, I will tell you why on that Day. I promise you.
3.<<<<it looks like it is going to take hard and good news to get us moving again....>>>>
hedger, a very good one again, if you take a minutes to re-read the first report NR from DML, on May 14 it said"Both (2) holes will be continued approximately 100 meters into the footwall gneiss to test for high grade minerlization similar to that found in hole 97-75."" and ""Drilling will continue with 3 rigs to follow up on the massive sulphides discovered on the DML/NAI property during 1997 in holes 97-96, 97-75, and 97-67 and to explore additional targets throughout the project area."" didn't this tell you that a massive sulphides are coming; NR is coming may be next week. but for sure it is going to take hard and good news to move us again, test that 3.00 and move further up to 4.30.
4. You know this first NR is a gamemanship that insiders intended to shake out the market by firstly announcing bad news like hole 98-98 but you have to read their NR very clearly with a gameamship attitude approach then you will become fully understand what they really intend to do.
As I explained in item #3, above. That is; a very good news NR is coming maybe next week.
Watch out hedger!!!especially this few days.
You know that 100 metres drilling to get to massive sulphides would not take too long to drill and get it but insiders can not drive the price down to this low as today, so they have to wait in order to buy low for themselves and after they fully loaded up their truck load I bet many hundred times more than this John Paquet has had. Then here you go NR. Am I right ????
Good luck hedger, again I like your posting and enjoy reading it very much today. and Thank you!!! |
