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Douglas Lake Minerals Inc DLKM



GREY:DLKM - Post by User

Post by Urban_Renegadeon Mar 07, 2009 2:09pm
429 Views
Post# 15828287

Looks Bullish to Me

Looks Bullish to Me

A few posters have eluded to the amount of selling going on and seem to be a little concerned over it. I have a bit of a different take on the situation.

]We are currently in an unprecedented era of economic turmoil and there may be numerous factors for why someone would sell despite their faith in DLKM. For instance, perhaps someone entered into a crisis situation and needed to free up some cash in short order to pay for some of lifes essentials. The fact that someone is selling is not what interests me....it is the fact that someone is BUYING them all. After a couple of weeks with a handful of shares traded and little to no movement in the SP, we traded roughly 2 million shares in the last 3 days with a 25% gain in SP on NO NEWS. Furthermore the majority of the trades were big blocks which would suggest to me it is not your average trader doing the buying....a big fish has heard or seen something he/she likes and has decided to join the ranks of DLKM faithful. IMO this is a bullish sign. Sure i would have loved to have seen a larger move up in SP based on the volume, but given the fact that it was done with no news...I'll take it.

FWIW, i am hearing there is alot of news on the way which i anticiapte will move this thing significantly. Despite the current low SP, i have never been more convinced of the future success of this project. Not investment advice, do your own DD.

Good luck ALL,

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