RE: Technically, DOR just had I disagree with the first part of your analysis Assess. Today's trading is proof that $1.75-$1.76 support line was not able to be broken. Mind you, several times during the day there was pressure in that direction but, fortunately that support was not broken. The close at $1.82 is, in my opinion, a strong indicator that the selling is done for the most part and buying will control the share price tomorrow back to the $1.90- $2.00 range.
Two things caused the share price to take a little beating today. #1. Will Purcell's report was for the most part slightly negative towards the recent NR and the tonnage estimate. I my opinion, it smelled a little fishy, and definately put a damper on the sentiment, similar to the Eric Reguly article in the Globe and Mail a few weeks back. Nothing can be discounted at this stage of the game as people realize what is at stake with this play. We are talking possibilly billions of dollars worth of profits in the Leadbetter find.
#2. Of course the most obvious reason for the decline today was profit taking which is also quite normal when a new 52 week high is breached.
You may be right in the market going sideways for a few days, but not at $1.55. It will most likely be in the $2 range.
The last part of your post is right on the money in my opinion.
I also heard a rumour that more news may be coming sooner rather than later.
All the best...Mad