Sky Gold Corp. SRKZF

Looks like SKYG found the bottom today...

[lifegoeson]

Felt like SKYG brushed the bottom today with significant bids coming in at $0.135 late in the day. Hopefully the downturn is temporary. With the recent $2M raise at $0.10, this is good entry point for speculators. Two good properties, Nevada and NFLD, which should be drilled this fall. NFG closed at $2.99 on over 800,000 shares (so they will remain in play), SKYG sucked out 898,000 shares today on this shakeout. Someone is picking up some very cheap stock (thank you). The game players are loading up, let's face it, from July 1 to September 31, SKYG traded 46.75 M shares. I suspect there will be a lot of buyers or sellers above this point who are going to step in to average down or replace stock they sold.

[mauisurfboy]

Agreed a lot of that .05 paper needed to be soaked up before moving to the next level hopefully soon !

[lifegoeson]

Maurisurfboy.... yes indeed, the general rule of thumb for penny stocks is finance at low prices to people who don't really care about the company, they are just there to leverage their money. Thus all the $0.05 paper needed to come out, also there was a lot of brokers and traders making a lot of money playing the swing. Now the swing is hopefully over, loose stock will have been largely