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Gold/Mining/Energy : MARUM RESOURCES ON ALBERTA -- Ignore unavailable to you. Want to Upgrade?


To: CJG who wrote (1317)3/6/1999 11:07:00 PM
From: Mr. Oil  Read Replies (1) | Respond to of 2514
 
>>Hey, how about Friday's action with Marum. First time in along time, I could not keep up with market depth.<<

Fridays action seems to me somewhat over zealous given there has been no news. I am wondering if we will see a pull back this week as profit takers move in. I have seen it happen before so it makes me nervous. Without news the market is rising on speculation only and will pull back at the slightest delay of news or the slightest bit of bad news such as a show of no kimberlite in the first hole. A 25% increase in price for a single day on speculation is a sure candidate for a pull back. Stock ended the day strong but I think we need good news before Monday to sustain this acceleration. We (the thread) have been very up beat this past couple of days so I don't want to rain on the parade but...some one else said "if you don't take your profit somebody else will!" That is haunting since many of us have been waiting for a little price rise since last year. Good luck to all who hold on! I will attempt to get back in if she pulls back! For the time being I will sit on the side lines.

Ray