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Gold/Mining/Energy : Nuinsco Resources (NWI) -- Ignore unavailable to you. Want to Upgrade?


To: Tom O'Dowd who wrote (1417)3/11/1999 6:13:00 PM
From: Brumell  Respond to of 5821
 
FWIW I saw the exact opposite.

This is a speculative stock. A lot of people are sitting on the edge of their seats. They don't want to be the last to know. When they see selling pickup, they ASSUME something has happened and in this case, assume the worst.

The very same thing happened with Queenstake a few weeks ago only in reverse. The stock had been going down for some time but there was still hope for one property. Finally the selling stopped (it was mostly from Loewen)and for a 2 days or so, the price held. One day, it started to go up... just a penny or so, then 2 pennies then... there was a pile on and the stock jumped 50% that day. It was a great selling opportunity in that case. I suspect in retrospect you'll find today was a great buying opportunity.

That's just one persons opinion and you should be warned - I'm a fan of Mad Magazines Alfred E. Newman who's famous for the line, "what, me worry?"

Bob