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Dianor Resources Inc V.DOR



TSXV:DOR - Post by User

Bullboard Posts
Post by assess1on Apr 06, 2006 8:16pm
461 Views
Post# 10641498

you guys are about to turn blue!!

you guys are about to turn blue!!I told you guys over a week ago what to expect from the down close after the good news. I know you dont want to hear about technicals but unfortunately or fortunately, it is what a lot of traders follow religiously. So even though all of you traders have crystal balls and can tell me that we have a diamond mine, not everyone believes you and they are entitled to have their opinion. That is what makes a market. Now to the technical picture. Today as yesterday, the $1.60 level held. This is an important level as there appears to be little support underneath this level. If an aggressive trader sold enough stock through this level, and if he was a short seller, he could effectively drive the stock below the $1.50 level which could trigger significant margin calls. what i think will happen at this stage is insigificant. suffice to say, that a lot of traders trade the Bollinger Bands. Dor is very close to the bottom of its bollinger band and that spells buy, buy, buy to most technical traders. We will see over the next few days if indeed the $1.60 level holds. If it does, and the stock begins to move up, the top of the bollinger band is around $1.80. So there you have it. We most likely will remain range bound until some more news comes out. If you want to trade fundamentals, then listen closely. We have had 3 one ton mini, mini bulk samples last fall detailing macro diamonds. This was a very positive sign but certainly was such a small mini bulk that not much credence was afforded it by Purcell and others. Ryder expects upcoming mini bulks to confirm the chemistry of the the deposit, namely larger bulk samples should yield larger stones. If indeed this occurs and there is every reason to expect so, then Dor my friends is headed higher. I spoke to him today and the results will be out any time. He would not say when, but as soon as he has them, out they come. Keep in mind, the samples are from all over the property. The purpose of the mini bulk samples is to determine the whereabouts and extent of the deposit. So far so good. At this stage in the game,I would not be short. This is potentially a one of a kind deposit. Certainly for Wawa. I trust this answers some of your questions.
Bullboard Posts