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Dianor Resources Inc V.DOR



TSXV:DOR - Post by User

Bullboard Posts
Comment by assess1on Mar 30, 2006 4:33pm
494 Views
Post# 10597307

RE: Technically, DOR just had

RE: Technically, DOR just hadtechnically a good deal of damage was done yesterday. At the close, not one buyer was a happy guy. Those that bought yesterday, over 1m shares worth were cying the blues with the down close. And everyone went home under water. Today's activity was understandable given yesterdays profit taking. Now the bargain hunters will be waiting to see if more stock will be thrown at them as it was today all the way down to 1.75. I suspect there may be a retest of todays low with good support at the 1.68 level followed by 1.55. This market will need to grind sideways for a week or so before moving back up provided the 1.5m shareholders from yesterday hold on for the ride. On the other hand, if bargain hunters get itchy, they may realize the benefit of buying at these levels and a strong close above 1.95 will set the stage for new highs sooner rather than later. One more piece of bullish news should drive this stock above $2.75 and convince the sceptics that this is an extraordinary diamond deposit, not anything like typical Wawa rock. Rumour has it back to back news is coming shortly. Only a rumour.
Bullboard Posts