New Found Gold Corp V.NFG

NFG Sell-Off

[Ezekiel7v19]

Where do you guys figure the stock price will end up? Thoughts?

[lifegoeson]

Looks like a few of the posters yesterday got it right, NFG is pulling back again today as the price of gold continues its retreat. Not sure how much more but one this is certain, NFG is becoming a nice trader for people. Now to wait for the next results, hopefully the trend continues with good cores. Very early in this play, looks like it needs to consolidate a bit for now.

[megacopper]

  I think it will settle around $3.60 but who knows for sure. It could very well dip lower but short term I'm thinking $3.50 to $3.70 so I might buy back the shares I sold at $4.75 to get my original position back but of course at a much lower average cost. That is the way I'm playing NFG because nobody can pick the highs and lows as it fluctuates on news from drill results so I

[megacopper]

  NFG fell to $3.60 early today to fill the gap between $3.60 and $3.80 so that was the trigger for me to buy back more. It bounced off that level nicely so I'm hopeful it will hold at these levels or possibly move higher ahead of the next set of drill results. Good level to take a position. It is still possible NFG goes well north of $5 by Christmas with another couple good holes