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Douglas Lake Minerals Inc DLKM



GREY:DLKM - Post by User

Post by cmunnyon Jun 03, 2008 2:23pm
138 Views
Post# 15140115

DLKM Chart Update 6_3_08

DLKM Chart Update 6_3_08Relatively "tight" trading  within the last big daily bar from a few weeks ago led to continuation move within the momentum channel.   Same targets still in play  79c to 1.04 all the way across the channel.   Note, however the intraday gaps and light, spotty trading in here today with relatively thin volume.  Whereas, with the volume at 16c, it just couldn' t budge for days.   They took some off me in the 60s today, but to me it has more the feel of a markup than real buying.   I suppose any real buying volume is going to clear out 10c at a shot.    I expect there will be plenty back at 50c.    My main question now is how much of that $6 mm will just get chewed up in few months of "studies" or will it be used to build 5-star accomodations for shareholders to sit and watch those cyclone concentrators   spin cash and their accounts bulge.




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