Can't be all that bad - volume highWhere there are sellers there are buyers so if you look at the volume of shares being traded we are looking at quite a number of people that believe in the company going forward.
And these people are buying in at a discounted level from what the sellers initially purchased at. So it's a just a matter of if you believe or not. Depending what side of the fence your on, could be a great day for some buying in the 60's. Crappy if bought higher and you feel the need to sell before other data has been released.
Seen this all to often before...the same people selling today buy back at higher levels on following days/weeks because they paniced for some reason.
It's not like the company is going broke or the drills hit nothing. Just because we didn't hit GML type results off the bat doesn't mean we won't later on, re-check the NR.
By the way bought more thanks to those non-believers.
Cheers!