>>>I would urge caution if one thinks todays trading indicates future strength in this stock over the short term. The news is really only neutral. If the best results on the recent drilling round are similar to K14, that is positive but remember, K14 isn't economic. Todays Ashton $Volume is still only one tenth that of Winspear. Maybe that's a sign where one should really be looking for diamond news in the future (no, I don't own either).<<<
yes and no.. Yes: The news is neutral and only matches the previous best micro/macro counts within K14. You bring an interesting point that K14 is not economic. Obviously you are saying this based on Ashton's previous bombshell lousy release on K14. However, I know they are still moving around the K14 area and have interesting new targets. No: re the volume, the object of the game is for stock appreciation. Stocks with light volume can go up faster that stocks with high volume. ie. WSP can be an excellent trader when the volume is there. However, it is not easy to have wide swings. Ashton has traded between .90 and $1.15 for a while. A breakout at $1.20 will be bullish. It can be as early as tomorrow.
>>>After all, what additional news is expected in the next few weeks that could maintain this puppy in the forefront of bullish trading?<<<
Additional targets, mini bulk sampling on these new pipes and the one that interests me the most, is the remaining two pipes. Micro/Macros are expected from these pipes. If results are better than what has been disclosed today, I would see additional strenght. IMO, yesterday and today's activity from a specific broker is more than this public info. There is something we don't know yet and this specific broker is betting by investing $50,000 in Ashton during the past two days. BTW, it does come from one account from a reliable source of mine.
cheers!
regards
fast frank |
