RE:RE:RE:Canada Cobalt Discovers Broad New Mineralizedthe only reason the stock dropped today, instead of going higher on the News is because a bunch of daytraders came onboard the last couple days (they were all hanging out on the CANN channel on ceo.ca) and started pumping the stock knowing news was pending. They thought it was going to be the underground drill results and when News was released but it wasn't the news they were expecting, they all sold and caused the stock to tank 20%+
So, take the daytraders out of the equation and actually read the News release. It was very very positive. They made a brand new discovery! It has the potential to be a huge one too.
Assays are due in the next 7 to 10 days, so expect these cheap prices around 50c not to last much longer as people will start buying in advance of the next news.
I'd be surprised if we dont climb back towards 60c over the next 2 or 3 sessions and then we'll see what the assays say. High grade hits are a distinct possibility and that could catapult this stock above $1 easily.
Still the best risk/reward junior out there right now.